Lloyds Banking Group Blocks Bitcoin Purchases Using Credit Cards

According to report from the BBC, Lloyds Banking Group’s is barring eight million credit card holders from buying cryptocurrencies starting February 5th across its subsidiaries, including Lloyds Bank, Halifax, M.B.N.A and Bank of Scotland. Bank of America and JPMorgan Chase have both also barred the purchase of bitcoin for customers using credit cards this month. However, according to the report, the ban will not affect investors who make crypto purchases using debit cards.