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Barclays to Block Cryptocurrency Transactions via Barclaycard Citing Volatility Risks
Barclays to Block Cryptocurrency Transactions via Barclaycard Citing Volatility Risks
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BTCCSquare news:
Barclays, one of Britain's largest banks, will prohibit cryptocurrency transactions using Barclaycard credit cards effective June 27. The bank attributes this decision to the inherent risks associated with digital assets, particularly their volatility. This move underscores the ongoing tension between traditional financial institutions and the rapidly evolving crypto market.
While Barclays did not specify which cryptocurrencies are affected, the policy will impact all digital asset purchases made through its credit cards. The bank's stance reflects a cautious approach as regulatory scrutiny and market fluctuations continue to shape institutional attitudes toward crypto.
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