<ul data-eligibleForWebStory="true"><li>Barclays will ban credit card purchases of cryptocurrencies starting June 27 for Barclaycard holders.</li><li>The decision aims to protect customers from potential volatility and financial risks associated with crypto assets.</li><li>Barclays stated that a decrease in crypto asset prices could lead customers into unaffordable debt.</li><li>Crypto purchases are not covered by financial protection schemes like the Financial Ombudsman Service.</li><li>Barclays had previously placed restrictions on payments to exchanges like Binance.</li><li>The latest ban prohibits all crypto-related transactions using Barclays-issued credit cards.</li><li>Barclays advises customers to visit the UK Financial Conduct Authority website to understand digital asset risks.</li><li>This move aligns with the tightening crypto regulations in the UK and reflects a cautious stance by major financial institutions.</li><li>The ban may increase challenges for retail users seeking convenient access to digital assets through traditional banking channels.</li></ul>

Barclays Bans Credit Card Crypto Purchases Starting June 27

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