Barclays Bank has announced it will block all cryptocurrency-related purchases made via its UK bank cards, including credit cards, starting June 27, 2025. This decision is driven by concerns over the financial dangers posed by crypto’s high volatility and the risk of customers accruing unmanageable debt. Barclays highlighted the absence of regulatory protections for crypto transactions and aligned its move with ongoing regulatory efforts by the UK Financial Conduct Authority and Bank of England to safeguard consumers from crypto-related financial risks.
Continue to read Barclays to Ban Crypto Purchases on UK Bank Cards Citing Debt and Consumer Protection Risks
Barclays Bank has announced it will block all cryptocurrency-related purchases made via its UK bank cards, including credit cards, starting June 27, 2025. This decision is driven by concerns over the financial dangers posed by crypto’s high volatility and the risk of customers accruing unmanageable debt. Barclays highlighted the absence of regulatory protections for crypto transactions and aligned its move with ongoing regulatory efforts by the UK Financial Conduct Authority and Bank of England to safeguard consumers from crypto-related financial risks.
Continue to read Barclays to Ban Crypto Purchases on UK Bank Cards Citing Debt and Consumer Protection Risks
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