The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support.
"The bank hereby wishes to remind regulated financial institutions that dealing with cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited," it said in a statement posted on its website.
The bank directed institutions to identify individuals and entities transacting in or operating in cryptocurrency exchanges within their systems and immediately close their accounts.
On the issues pertaining to Bitcoin and digital currencies as a whole, Dalio pointed out “to one holding digital/cyber assets at a time when cyber offense is much more powerful than cyber defense, the cyber risk is a risk that I can’t ignore.”
According to nearly 90% of respondents in Deutsche Bank's monthly money-manager study.
The cryptocoin hit a record high $40,000 earlier this month, having rallied more than 900% since a low in March and having only just breached $20,000 in mid-December.
Interest in cryptocurrencies skyrocketed this year as investors saw bitcoin as a hedge against inflation and as an alternative to the depreciating dollar.
The 2020, rally has also been driven by increasing expectations it will become a mainstream payment method, with PayPal opening its network to cryptocurrencies.
California-based Coinbase said on its website at 15:41 GMT it had "implemented a fix" to address "congestion issues" on its retail platform Coinbase.com and was monitoring the situation.
Network congestion was also delaying the sending of ethereum - the second biggest cryptocurrency after bitcoin.
The Government of Khyber Pakhtunkhwa (KP) has unanimously passed the resolution to legalize cryptocurrency and crypto mining, according to Zia Ullah Bangash.