Kumari Palany & Co

HDFC bank customers told not to use cards for purchase of virtual currencies

Posted on: 15/Mar/2018 12:09:33 PM
The Private sector lender HDFC Bank has blocked its cards from being used to buy/trade bitcoins, cryptocurrencies and virtual currencies.

"We have decided to not permit use of HDFC Bank credit, debit and prepaid cards towards purchase or trading of bitcoins, cryptocurrencies and virtual currencies, on merchants suspected to be dealing in crypto-currency or online foreign exchange trading or both," the bank said.