Lloyds Banking Group, the largest bank in the United Kingdom, became the first credit card provider in the country to be banned the purchase of credit cards. cryptocurrencies, the Daily Telegraph reported today, February 5.

Their ban follows directly on the heels of JP Morgan Chase, Bank of America, and Citigroup's identical decision to ban cryptocurrency purchases for their customers.

Lloyds, which includes Halifax, Bank of Scotland and MBNA, will prevent its 9 million credit card customers from making crypto purchases through an online blacklist that will signal sellers. Lloyd's customers will still be able to purchase cryptocurrencies with their debit cards.

The credit card block was instituted after Bitcoin (BTC) saw a significant drop in prices on the market this week. row. Lloyds said the ban "would protect customers" who could accumulate large amounts of credit card debt if the market price continues to fall.

Bitcoin exchanges about $ 7,451 per press, 14% over a 24-hour period.