Market-wide impact and consumer-protection limits

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The United Kingdom’s Financial Services Compensation Scheme reimburses up to £85,000 per customer when a covered financial institution collapses, but Barclays stresses that this safety net does not extend to losses arising from cryptocurrency purchases.
UK banks which prohibit credit-card cryptocurrency purchases deny over 50 million customers access to digital assets through traditional lenders, prompting many to migrate to crypto-friendly challengers such as Revolut, Wirex, and Ziglu
A help-page notice published by Barclays states that a sharp fall in cryptocurrency prices could leave Barclaycard users unable to repay borrowed funds and reiterates that crypto transactions receive no protection from the Financial Ombudsman Service or the Financial Services Compensation Scheme.

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