We’re doing this because a fall in the price of crypto assets could lead to customers finding themselves in debt they can’t afford to repay.
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Barclays to Ban Credit-Card Crypto Purchases Starting Friday
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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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