<ul data-eligibleForWebStory="true"><li>Barclaycard will block all credit card transactions related to cryptocurrency starting June 27, 2025, due to concerns over financial risks associated with crypto purchases.</li><li>The main reason cited for the ban is the volatility in crypto asset prices, leading to customers potentially falling into debt they may struggle to repay.</li><li>Barclaycard also highlighted the lack of consumer protection for crypto purchases made with their cards, as they won't be covered under UK's financial protection schemes.</li><li>This decision by Barclaycard could influence other financial institutions regarding crypto adoption, emphasizing the importance of avoiding buying crypto with borrowed funds and considering more secure payment methods.</li></ul>

Barclaycard to Block All Crypto Purchases – Here's What It Means for You

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