British bank Barclays prohibits
purchasing cryptocurrencies with credit cards
on June 27, 2025
Barclaycard users will no longer
be able to conduct
transactions with cryptocurrencies
using their credit
cards. This was reported
on the bank's website in the
credit card section. Barclaycard stated
that they will block such transactions,
acknowledging the significant risks
associated with acquiring
crypto assets, particularly due to their
volatility.
"We are doing this because a drop in the price
of crypto assets can lead
to customers ending up
in debts that they cannot
repay," explained Barclayc.