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.

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There’s also no protection for crypto assets if something goes wrong with a purchase, as they’re not covered by the Financial Ombudsman Service and Financial Services Compensation Scheme.
The FSCS reimburses up to 85,000 pounds ($116,000) to customers who lose money if an institution covered by the program fails.