Lloyds Banking Group has told customers at Lloyds, Bank of Scotland, Halifax and MBNA that it will not recognise virtual currency transactions on its credit cards, effective today. The group is afraid that fluctuations in cryptocurrency prices could leave it footing the bill for unpaid debts, reports Finextra. Lloyds is the first of the UK's main banks to block bitcoin transactions on its cards, although several US banks, including JPMorgan Chase, Bank of America, Capital One, Discover, and CitiGroup have instituted similar bans in recent months. Lloyds Banking Group has announced it will cut a further 930 jobs as part of its three-year strategic plan, the FT reports. Since CEO Antonio Horta-Osorio took over in 2011, total staff numbers across the group have reduced by 30 per cent. The majority of the latest cuts will come from the commercial banking, chief information risk, community banking and insurance and wealth, Lloyds said, adding they hoped the cuts would be achieved through natural turnover and, if necessary, voluntary redundancy.