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:

"As of June 27, 2025, crypto transactions will not be possible with Barclaycard. The decline in the prices of cryptoassets may lead to debts that customers cannot pay. Additionally, transactions made with cryptoassets are not protected under the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS) when issues arise."

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.

Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking by downloading our Android and IOS apps right away!