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Publication Date<br />

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05-Feb-2018<br />

Lloyds Bank bans credit card customers from buying Bitcoin as it worries they will lose<br />

money<br />

Brief Report<br />

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Lloyds has banned customers from using its credit card to buy Bitcoin as the bank fears<br />

account holders could be left in debt as the digital currency’s value drops.<br />

The banking group, which owns Halifax, MBNA and Bank of Scotland, is reportedly the first<br />

in Britain to stop its customers from using credit to buy Bitcoin, a cryptocurrency which has<br />

dropped in value by half in recent months.<br />

Bitcoins are a digital currency which allows customers to send payments to each other<br />

without having to go through a third party. There are no more than 21 million Bitcoins in<br />

circulation at one time. Its...

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