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A Shocking Cryptocurrency Decision Has Come from One of the Biggest Banks in England! Will Other Banks Implement It?
Barclays, one of the largest banks in the United Kingdom, announced that starting from June 27, 2025, it will prevent its customers from conducting crypto transactions with their bank cards. The bank indicated that this decision is due to the high price volatility of cryptoassets, which poses the risk that customers may face debts they cannot repay.
In the statement on Barclays' official website, the following expressions were used:
The bank advised its customers to visit the website of the UK Financial Conduct Authority, (FCA), to obtain detailed information about cryptoassets and the risks associated with these assets.
This step from the United Kingdom may also be applied by other countries aiming to impose strict regulations on cryptoassets.
*This is not investment advice.
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