🇬🇧 New: Barclays Bank bans the use of credit cards for cryptocurrency transactions starting June 27th!
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🚫 Details of the decision:
– The British Barclays Bank has announced a complete ban on the use of credit cards for all transactions related to cryptocurrencies
– The decision comes into effect starting June 27, 2025
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🏦 What does the ban include?
– It includes the purchase of cryptocurrencies through exchanges
– The ban does not currently include debit cards
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🔍 Possible reasons:
– Concerns related to fraud risks and high volatility in the crypto market
– A desire to comply with strict regulatory requirements from British financial authorities
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📉 Reactions:
– The decision raises concerns among users interested in crypto
– It is considered a setback for financial innovation, according to some critics
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❓Do you see this move as the beginning of a wider ban in Europe? Or just a temporary measure from Barclays?
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