One of the biggest financial institutions based in the United Kingdom (UK) is blocking all crypto transactions on its bank cards.
In a new post, UK banking titan Barclays says it is barring all digital asset-related transactions on its proprietary payment cards starting on June 27th due to the volatile price of cryptocurrencies and because they are uninsured assets.
“It’s not possible to make cryptocurrency transactions using a Barclaycard. From 27 June 2025, we’ll block crypto transactions made with a Barclaycard because we recognize there are certain risks with purchasing cryptocurrencies.
We’re doing this because a fall in the price of crypto assets could lead to customers finding themselves in debt they can’t afford to repay. There’s also no protection for crypto assets if
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!