What are Financial Institutions doing with their debit and credit card programs with regard to purchases that their customers are making at cryptocurrency exchanges (such as Coinbase). Are they being restricted? If so, to what extent? (Blocking Outright?)

Well, Coinbase I did not think allowed credit cards as a method of payment and to use a debit card requires ID verification and other two factor identification processes. Most major exchanges are the same.

I was just browsing bitcoin info online. Coinbase does accept debit cards. As far as what I am doing, the answer would be nothing. It is not an illegal transaction or practice. We were tracking who was using it and have a pretty good customer base to start with as far as if FinCEN or FFIEC eventually do anything with it. Any 'large' transactions would still be reviewed with my daily reporting. If this is what folks want to do with their money, that's on them.

We don't block or restrict bitcoin. We did tighten some debit card rules this morning as we've had two reported cases of fraudulent purchases with debit cards today.