Wells Fargo bans cryptocurrency purchases on its credit cards

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Wells Fargo & Co. customers hoping to use their credit cards to buy Bitcoin will have to look elsewhere.

While putting a prohibition on such cryptocurrency purchases for now, Wells Fargo “will continue to evaluate the issue as the market evolves,” Shelley Miller, a spokeswoman, said in an emailed statement.

Wells Fargo joins Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp., which limited cryptocurrency purchases on their credit cards in February, citing market volatility and credit risks.

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