BMO prohibits Crypto purchase by Interac Debit Cards

Crypto Exchange Bank Purchase Market

The Bank of Montreal (BMO), Canada, prohibits the use of Interac debit cards for the purchase of cryptocurrencies. “We no longer allow the purchase of cryptocurrencies through Interac Online Payments or by using a retail consumer Mastercard-branded credit or debit card,” the bank’s spokesperson confirmed. The bank stressed on the ‘volatile’ characteristics of the cryptocurrencies.

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