UK and US banks ban credit card purchases of Bitcoin
Print Edition
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.
An LBG spokesman said the ban was across its Lloyd Bank, Bank of Scotland, Halifax and MBNA branded credit cards.
In a brief statement, he said LBG does “not accept credit card transactions involving the purchase of cryptocurrencies.”
Over the past few days, Bank of America, Citigroup and JPMorgan each introduced the same ban.
There is a concern that customers who bought Bitcoin late last year when crytocurrencies in general surged in value have been left with big losses following massive declines in recent weeks.
Yesterday, the price of Bitcoin tumbled to US$7,950, two months after breaking through the US$20,000 mark.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
