It adds that crypto assets are not protected, and should a transaction fail or go wrong, it isn’t covered by the U.K.’s Financial Ombudsman Service or the Financial Services Compensation Scheme.
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Barclays Customers No Longer Allowed To Buy Crypto as Bank Sounds the Alarm
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Barclays’ customer notice warns that cryptocurrency purchases using Barclaycard credit cards carry no statutory redress, because failed or disputed transactions are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme.
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