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Wells Fargo is Not a Fan of Cryptocurrencies and Bans Crypto Purchases – Cryptocurrency Regulation

Wells Fargo, the third largest bank in the United States, is no longer allowing cryptocurrency purchases. The new policy came to light after a customer of Wells Fargo complained on Twitter.

It was already known that Wells Fargo is not a fan of crypto. The American Bank already spoke out against Bitcoin and other cryptocurrencies numerous times. This week, Wells Fargo’s stance on crypto got even clearer, when the bank revealed that it no longer supports cryptocurrency transactions.

That Wells Fargo is no longer supporting crypto related services got confirmed when the bank replied to a customer on Twitter. The customer of Wells Fargo tweeted:

“Something fishy is going on with my bank, Wells Fargo,…I can’t buy crypto on cash app or Coinbase. I tried to attach my debit card, and it…

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