Coinbase May Be Refunding Credit Card Cash Advance Fees For Cryptocurrency Purchases

Lately, there has been a bit of a crackdown on cryptocurrency. While the regulatory side of the crackdown is discussed often, the banking side of the crack down isn’t discussed much. Nonetheless, recently, big banks around the world have been banning the purchase of cryptocurrency using their credit cards. Savvy crypto enthusiasts found a way around this by running the card as debit, signalling a cash advance and causing a fee to be charged. However, Coinbase may now be refunding this fee in Bitcoin (BTC). Today, we’ll talk about why banks may be cracking down on cryptocurrency purchases with credit cards, Coinbase potentially refunding cash advance fees, and what we’ll be watching for ahead.

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