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The real reason BANKS are BLOCKING CRYPTO exchanges.year-old Esther Freeman invested around $3, in Bitcoin 10 years ago, but Israel's Bank Hapoalim was unwilling to accept her x profits. Signature Bank also experienced a sharp decline in deposits and share price after concerns about its crypto exposure. Banks may also use the. Some banks have prohibited the purchase of cryptocurrencies via Interac Online, bank transfer, debit or credit cards. Others just prohibit credit card purchases.