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05-Feb-2018<br />

Bitcoin price hit as Lloyds bans credit card customers from buying cryptocurrency<br />

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Lloyds Banking Group has banned credit card customers from buying Bitcoin amid fears<br />

they could be left in debt as the cryptocurrency’s value deflates.<br />

The banking giant, which includes Halifax, MBNA and Bank of Scotland, is thought to be the<br />

first in the UK to ban credit card customers from borrowing to buy the digital currency, which<br />

has more than halved in value in recent months.<br />

Bitcoin’s slide has led to concerns that people who borrow money to purchase it will be left<br />

with large debts if the virtual currency continues to depreciate.<br />

Significant numbers of people in Britain are thought...

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