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Barclays to Block Cryptocurrency Transactions via Credit Cards Nationwide
Barclays to Block Cryptocurrency Transactions via Credit Cards Nationwide
20
3
BTCCSquare news:
Barclays will prohibit all cryptocurrency-related transactions made with its credit cards effective 27 June 2025. The bank cited concerns over financial risks tied to crypto volatility and unregulated markets as the primary drivers behind the decision.
Customers will no longer be permitted to use Barclaycard credit products for purchasing or investing in digital assets. The bank emphasized that crypto transactions lack protections typically afforded by the Financial Ombudsman Service and Compensation Scheme.
This move reflects growing institutional caution toward crypto exposure through Leveraged products. Barclays joins a cohort of traditional financial institutions limiting retail access to volatile digital asset markets.
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