British Banks Join Bitcoin Crackdown

 

It was reported on the front page of the Telegraph that Britain’s biggest bank, 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.

 

 

This crackdown comes after major US Banks, including JP Morgan Chase, Bank of America and Citi Bank announced last week that they would ban credit card purchases of Bitcoin.

 

Banking woes for Bitcoin have been one of the dominant themes of 2018 so far and coupled with more regulation, we could see tough times ahead.

 

 

So we ask again: – Search Results for banks

Will Regulators and Banks kill Bitcoin?

 

 

 

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