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You can buy crypto with a bank account at various online brokers. Most will allow you to do so directly. We recommend using an FCA-regulated multi-asset investment platform like eToro. American banks are also taking a stand against the Federal Reserve’s exploration of its own digital currency. The American Bankers Association, which represents the largest U.S. banks, warned members of the House Financial Services Committee this past summer that the negative consequences of creating a central bank digital currency “could be severe.” The association said there did not seem to be a pressing need for one because “the dollar is largely digital today.” Some local players have stepped into the space, with virtual bank ZA Bank presenting itself as the go-to bank for Web3 businesses.

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