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Lloyds Bank in Bitcoin crackdown: credit card owners banned from buying cryptocurrency
Britain's biggest bank has become the first to announce a ban on customers using credit cards to buy Bitcoin amid fears they could run up huge losses. Lloyds Banking Group will on Monday tell its 9 million credit card customers that it will block any attempts to buy Bitcoin after the digital currency lost more than half its value in just two months.
The price of Bitcoin has fallen by 57 per cent from £14,000 in December to less than £6,000 and the bank fears it could end up footing the bill for unpaid debt should the price fall any lower.
originally posted by: sputniksteve
I don't at all understand the greedy sentiment. Why is it that this makes you so happy? I am not being critical, I just don't understand. Is it just an "I told you so" or something more?
originally posted by: StallionDuck
And so the price will continue to fall...
Keep an eye on newer crypto that will not be affected. I still think that Bitcoin was just the experiment before the real deal got pushed out to the masses.
I kinda think that this was planned otherwise our government would have clamped down on bitcoin so hard when it was 1200$ per coin some years back.
It seems like the US isn't even lifting a finger.