Virgin Money, a financial services company operating in Australia, South Africa and the United Kingdom, followed Several US and British banks banning A spokesman for Virgin Money told the BBC that,

"Following a review of our policies, I can confirm that customers will no longer be able to use their credit card Lloyds Banking Group announced its ban on credit card encryption on February 5, after JP Morgan Chase, Bank of America, and Citigroup all banned their customers. Buying digital currency with credit cards Customers of these banks can still buy cryptocurrency with their debit cards.

Asked about a future ban on credit card encryption c Hez Barclays, a spokesman for the bank told the BBC that customers can currently use cryptocurrency. Purchases:

"We take precautions to assess affordability before granting credit, reporting and preventing any suspicious transactions and closely monitoring credit risk."

The bans of major financial institutions come after the crypto-markets have suffered heavy losses this week, Bitcoin (BTC) having dropped below $ 7000 for the first time since December. Traditional markets experienced a similar drop yesterday, with a decline of more than 1,100 points for the Dow Jones Industrial and 0.4% for the S & P 500 index.

Bitcoin revolves around from $ 7,026.72 24 hour period.