Lloyds Banking Group has banned its customers from buying Bitcoin with credit cards, according to a report in The Guardian.
The bank said in an official statement: “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept credit card transactions involving the purchase of cryptocurrencies.”
The value of Bitcoin has halved in the last month alone; the bank’s decision is reportedly an attempt to protect customers from losses. Debit cards can still be used to purchase cryptocurrency, but from today, all credit card payments to cryptocurrency exchanges will be blocked.
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