Barclays puts an end to purchasing cards made with credit cards, and kicks on Friday on June 27. Customers will not be able to use their credit cards fatherP digital assets likeE bitcoin or ethereum, either directly or through applications that serve cryptS services. It is a noticeable step from one of the largest banks in the UK and adds to an increasing list of restrictions that are placed on how to reach ordinary users.
Thinking behind the ban
Barclays says the decision is due to the safety of customers. With the encryption prices oscillated sharply and the fraud is still a concern, the bank decided that the use of borrowed funds to chase the volatile digital assets is meaningless. Although the bank has not closed the entire encryption, it draws a clear line between spending the money that you have and takes debts to make a speculative bet.
Barclays He said that this would prevent all purchases of encryption on BarclayCard starting from June 27.
The bank cites high risks, wild price fluctuations, and the protection of the buyer is zero as reasons. pic.twitter.com/dbwurqh9tj
Protos (Protos) June 25, 2025
This change also brings Barclays in line with what other banks have already done. Santander, NatWest, Halifax and LLOYDS prevented the purchases of cards via credit cards during the past year. For banks, it is not a matter of fleeing encryption and more Limit Financial risks linked Unpredictable borrowing in an unpredictable market.
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What can customers expect
If you are a Barclays customer who has used your credit card to purchase encryption, this option will be outside the table by weekend. The bank notifies users through its application and banking services online so that no one is surprised. The purchase of debit card and bank transfers will Still Work as usual, so customers Not Closed from encryption completely. But they will need to use the money they already have, not metaphor.
The ban also applies to the monetary developments used to finance encryption purchases on third -party platforms. until If the purchase is not Directly By exchanging encryption, if the bank Sees This credit is used for encryption activity, and is likely to prohibit treatment.
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Part of a larger image
This decision does not happen in isolation. The UK organizers, especially the financial behavior authority, were explicit about the risks of investment of encryption, especially when people used borrowed funds. Reports showed a rise in coding debt complaints, as consumers are in financial troubles yet Bet on Prices move that He did not work.
FCA urges financial institutions to take a closer look at how customers are exposed to encryption. Some of this pressure is now translated into real policy attacks. The new restriction of Parklise is just an example of this trend.
Where this can lead
It will not be surprising that more banks in the United Kingdom will follow in the coming weeks. Some already have similar policies in their place, while others review their position. Outside the UK, banks in Europe have also begun to reconsider how credit card products interacted with digital assets. In the United States, the conversation is more fragmented, however the Organizational attention grows there also.
like Encryption Continue to move to the prevailing financial institutions Discover where they are standing. Currently, Barclays draws clear borders. Borrowing to purchase encryption is outside the table. If you want to invest, you will have to do this with your own money.
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Main meals
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Barclays will prevent all Crypto purchases for credit cards starting from June 27, which affects both direct purchases and transactions through third -party applications.
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The bank cites customer safety and market fluctuations as major reasons for prohibiting encryption purchases made of borrowed funds.
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Discount card options and bank transfer options will remain available to purchase encryption, but customers must use their own money.
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Barclays joins other banks in the United Kingdom such as Santander and Natwitist in restricting credit purchases, in line with the pressure of the organizer.
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This step reflects an increasing direction for banks that limit credit -based exposure to encryption due to increased concerns about risks and debt.
Post Barclays Bans Credit Card Crypto appeared starting from June 27th in the first place on 99bitcoins.