Barclays will block cryptocurrency acquisitions made with credit cards starting June 27, warning that wild price swings can push cardholders into unmanageable debt and citing the lack of consumer protection as key factors.
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Barclays to block crypto purchases via credit cards from June 27 over fraud and volatility fears
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Barclays will begin blocking every cryptocurrency purchase made with Barclaycard credit cards on 27 June 2025, applying the ban to all merchant codes associated with digital assets.
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Barclays says its forthcoming prohibition on using Barclaycard credit cards for any cryptocurrency purchase is intended to protect customers from unmanageable debt that sudden crypto-price crashes could trigger.
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