Advertisement
The bank is conducting a review of the market
TORONTO — TD Bank says it is taking a pause on allowing customers to use its credit cards to buy cryptocurrency.
The big bank says it made the decision to conduct a review and assessment of the evolving market.
The decision follows moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies.
The value of bitcoin soared last year, trading for more than C$20,000 per bitcoin.
The value of the cryptocurrency has since come off its all-time highs and trades for around C$13,000, but remains up significantly from where it was a year ago.
Royal Bank says it does allow its credit and debit cards to be used for transactions involving cryptocurrency in limited circumstances, but cautioned clients about the possibility of a sudden drop in the value of cryptocurrencies.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Inflation is down, wages are up. But the economic recovery has been uneven, with “two contradictory trends” shaping Canadians’...
Parents, here are the CCB payment dates for 2024, along with how much you can expect to receive each...
Severe weather and disasters due to climate change are increasing home insurance costs in Canada. Here’s how to lower...
Apple and Nvidia vie for global market cap crown; Google, Microsoft and Meta crush earnings; Amazon’s Bezos takes WaPo...
Looking for a new car? What you should know about leasing versus owning.
A long-time financial journalist shares his take on debt, investing and misconceptions about growing wealth.
“After rushing into the real estate market, I quickly learned I wasn’t ready for the real cost of home...
These impressive travel cards can help turn your everyday spending into flights, hotels and more.
In this excerpt from The Big Fix, authors Denise Hearn and Vass Bednar argue companies increasingly want to collect...
Through free or discounted flights, hotel stays and car rental insurance, the right credit cards can get you to...
Trying to purchase Bitcoin with my debit card – why is it not working ?????
Frustrated