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REPORT: Lloyds Bank bans 9 million credit card customers from buying bitcoin

Lloyds Banking Group becomes the first major lender in the UK to ban the buying of cryptocurrencies using its credit cards. The move follows similar bans from US banks, including JPMorgan Chase, Bank of America, and Citigroup. The price of bitcoin is hugely volatile and banks are worried about customers taking big losses and being unable to repay their debts. LONDON — Lloyds Banking Group has become the first British lender to ban its customers from using their credit cards to purchase bitcoin and other cryptocurrencies, according to a report in the Daily Telegraph.
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