Barclays puts a stop on crypto purchases made with credit cards, and the change starts this Friday on June 27. Customers will no longer be able to use their Barclays credit cards to bootyy digital active worshipE Bitcoin or Ethereum, either directly or via applications that offer crypto Services. This is a notable decision of one of the largest banks in the United Kingdom and adds to a growing list of restrictions set on how daily users can access Crypto.
Thought behind the ban
Barclays says that the decision is up to customer safety. The prices of cryptography swing strongly and that scams are always a concern, the bank decided that the use of money borrowed to drive out volatile digital assets simply does not make sense. Although the bank has not completely closed access to cryptography, it draws a clear line between spending money you have and taking debt to make a speculative bet.
@Barclays said it would block all Crypto’s purchases on Barclaycard from June 27.
The bank quotes a high risk, wild price swings and zero protection of buyers as reasons. pic.twitter.com/dbwurqh9tj
– Protos (@protos) June 25, 2025
This modification also feeds Barclays in accordance with what other British banks have already done. Santander, Natwest, Halifax and Lloyds have all blocked Crypto purchases via credit cards in the past year. For banks, it is less a question of opposing the crypto and more limiting Financial risk linked to Unsecured loan in a market that remains unpredictable.
Discover: Crypto following 1000x: 10+ Crypto tokens which can strike 1000x in 2025
What customers can expect
If you are a Barclays customer and have used your credit card to buy Crypto, this option will be out of the table by the end of the week. The bank informs users via its application and online banking services so that no one is surprised by surprise. Purchases of debit cards and bank transfers always Work as usual, so customers not to be Crypto lock entirely. But they will have to use funds they already have, not borrowed.
The ban also applies to advances in funds used to finance cryptography purchases on third -party platforms. Even though If the purchase is not directly through an exchange of crypto, if the bank see This credit is used for crypto activity, it will likely block the transaction.
Discover: 9+ best high -risk crypto and reward to buy in June2025
Part of a larger image
This decision does not occur in isolation. British regulators, in particular the Financial Conduct Authority, have expressed the risks of investment in cryptography, especially when people use money borrowed. Reports have shown an increase in debt complaints linked to crypto, consumers being in financial problems after bet on The price moves did not work.
The FCA has urged financial institutions to examine more closely how customers are exposed to the crypto. Part of this pressure is now reflected in real policy changes. The new Barclays restriction is only the latest example of this trend.
Where it could lead
It would not be surprising that more banks in the United Kingdom follow suit in the coming weeks. Some have already in place similar policies, and others examine their position. Outside the United Kingdom, banks in Europe are also starting to reconsider how credit card products interact with digital assets. In the United States, the conversation is more fragmented, but THE Regulatory attention increases it Also.
As crypto continue to enter the dominant current, financial institutions are trying to understand where they are. For the moment, Barclays draws a clear limit. Borrowing to buy crypto is out of the table. If you want to invest, you will have to do it with your own money.
DISCOVER: 20+ Next Crypto to explode in 2025
Join the 99Bitcoins News Discord here for the latest market updates
Main to remember
-
Barclays will block all Credit Card Crypto purchases from June 27, affecting both direct purchases and transactions via third -party applications.
-
The Bank cites customer safety and market volatility as the main reason to prohibit the purchasing of cryptography made with borrowed funds.
-
Banking debit and transfer card options will always be available for cryptography purchases, but customers must use their own funds.
-
Barclays joins other British banks such as Santander and Natwest to restrict the purchases of crypto by credit, in accordance with the regulator’s pressure.
-
This decision reflects an increasing trend of banks limiting exposure based on Credit to Crypto due to increasing concerns concerning risk and debt.
The Barclays post prohibits the credit card that Crypto buys from June 27 appeared first on 99Bitcoins.
