- Thursday, April 25, 2024
By: Kiran Paul
By Lawrence White and Emma Rumney Feb 5 (Reuters) – Banks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other “cryptocurrencies”, fearing a plunge in their value will leave customers unable to repay their debts. Lloyds Banking Group Plc, Britain’s biggest lender, said on Sunday it would ban its credit card customers from buying cryptocurrencies, following the lead of U.S. banking giants JP Morgan Chase & Co and Citigroup. The move is aimed at protecting customers from running up huge debts from buying virtual currencies on credit, if their values were…
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