Earlier last week, 3 major USA banks had banned the use of their credit and debit cards for the purchase of cryptocurrencies.
SBI Card has warned its users against investing in cryptocurrencies. Though it must be noted, they did not ban any transactions to buy or sell cryptocurrencies.
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SBI Cards is the country’s 2nd largest provider of credit cards.
“Given concerns, both globally and locally, SBI Card would like to advise you to be mindful of potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with crypto-currencies and virtual currencies,” said the message to SBI cardholders.