According to the news in The Guardian, Lloyds Bank, one of the UK’s largest banks, has banned the purchase of Bitcoin with a credit card, fearing that its customers may not be able to pay their debts as the value of cryptocurrencies has decreased.
Halifax, MBNA and Bank The banking giant, which also owns organizations such as of Scotland, became the first institution in the UK to ban its customers from borrowing to buy cryptocurrencies. and we no longer allow cryptocurrency purchases with MBNA credit cards.”
Lloyds Banking Group ranks 115th among the world’s largest publicly traded companies.. ranks. According to Forbes data, the market value of the company is $ 56 billion.. However, contrary to this idea, it is claimed that banks easily pay off the debts of people who buy Bitcoin and cryptocurrencies early, so that they earn interest income, so they have taken a ban decision.
Recently, JPMorgan and Bank of America similarly They had signed a decision.