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. The ban solely relates to credit card transactions. Crypto purchases with Lloyds-issued debit cards should continue to work as normal. In a statement to The Guardian, Lloyds Banking Group… This story continues at The Next Web

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