<ul data-eligibleForWebStory="true"><li>Barclays, a major U.K. bank, is set to forbid its customers from purchasing cryptocurrencies with credit cards effective June 27, citing concerns of rising debt and lack of consumer protections.</li><li>This decision aligns with recent moves by other U.K. banks like Nationwide and HSBC to limit exposure to digital assets, which are not covered under traditional financial protection schemes.</li><li>Barclays, while restricting retail crypto transactions, notably holds a $131 million investment in BlackRock's Bitcoin ETF, highlighting a contrast between institutional investments and consumer safeguards.</li><li>The ban reflects a broader trend among financial institutions to curb credit-funded crypto purchases due to fraud concerns, amid innovations like Mastercard's collaboration with Chainlink for onchain swaps.</li></ul>

UK’s Barclays to Block Credit Card Crypto Purchases From June 27 Over Debt Concerns

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