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Several major banks are banning customers from buying crypto on credit

Purchasing cryptocurrencies with a credit card is about to get significantly harder. Earlier today, the UK’s Lloyds Banking Group announced that it would prevent customers from purchasing cryptocurrencies with its credit cards. Lloyds Banking Group is easily of the largest retail banks in the UK, and dominates a massive swathe of Britain’s retail banking market. In addition to the eponymous Lloyds Bank, it also owns Halifax, Bank of Scotland, and MBNA.
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