Full details here with links and images:
https://smartdepot.com.ng/2018/02/05/us-uk-banks-ban-bitcoin-credit-card-purchases/

Banks Ban Bitcoin purchase in the United States and United Kingdom with the use of credit cards fearing it could end in tears. These banks believe that such transactions could in trouble for both customers and banks as well. In the US, Chase, Bank of America and Citigroup have all banned the use of credit cards for Bitcoin purchases, while in the UK the Lloyds group has done the same. The UK ban, reported by Reuters, applies to Lloyds itself, Bank of Scotland, Halifax and MBNA.

Banks Ban Bitcoin – The Other Undertones
On the peripheral, it looks like these banks are looking out for the best interest of their customers. However, taking a closer look at Bloomberg report that banks have a number of concerns – debt, defaults and the risk of fraud and money-laundering.

Allowing purchases of cryptocurrencies can create big headaches for lenders, which can be left on the hook if a borrower bets wrong and can’t repay. There’s also the risk that thieves will abuse cards that were purloined or based on stolen identities, turning them into crypto hoards. Banks also are required by regulators to monitor customer transactions for signs of money laundering — which isn’t as easy once dollars are converted into digital coins.

It’s still the same old problem – banks don’t want any form of currency exchange that they cannot control....

Full details: https://smartdepot.com.ng/2018/02/05/us-uk-banks-ban-bitcoin-credit-card-purchases/