{"id":33782,"date":"2025-06-26T07:02:26","date_gmt":"2025-06-26T07:02:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33782"},"modified":"2025-06-26T07:02:26","modified_gmt":"2025-06-26T07:02:26","slug":"barclays-bans-credit-card-crypto-buys-starting-june-27th","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33782","title":{"rendered":"Barclays Bans Credit Card Crypto Buys Starting June 27th"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Barclays is putting a stop to crypto purchases made with credit cards, and the change kicks in this Friday <\/span><span data-preserver-spaces=\"true\">on<\/span><span data-preserver-spaces=\"true\"> June 27th.<\/span><span data-preserver-spaces=\"true\"> Customers will no longer be able to use their Barclays credit cards to<\/span><span data-preserver-spaces=\"true\"> bu<\/span><span data-preserver-spaces=\"true\">y digital assets<\/span><span data-preserver-spaces=\"true\"> lik<\/span><span data-preserver-spaces=\"true\">e Bitcoin or Ethereum, either directly or through apps that offer<\/span><span data-preserver-spaces=\"true\"> crypt<\/span><span data-preserver-spaces=\"true\">o services<\/span><span data-preserver-spaces=\"true\">. It\u2019s a notable move from one of the UK\u2019s biggest banks and adds to a growing list of restrictions being placed on how everyday users can access crypto.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Thinking Behind the Ban<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Barclays says the decision comes down to customer safety. With crypto prices swinging sharply and scams still a concern, the bank has decided that using borrowed money to chase volatile digital assets just doesn\u2019t make sense. While the bank hasn\u2019t shut down crypto access entirely, it\u2019s drawing a clear line between spending cash you have and taking on debt to make a speculative bet.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/26a0.png\" alt=\"\u26a0\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/twitter.com\/Barclays?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Barclays<\/a> has said that will block all crypto purchases on Barclaycard starting June 27. <\/p>\n<p>The bank cites high risk, wild price swings, and zero buyer protection as reasons. <a href=\"https:\/\/t.co\/DBwURQH9Tj\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/DBwURQH9Tj<\/a><\/p>\n<p>\u2014 Protos (@Protos) <a href=\"https:\/\/twitter.com\/Protos\/status\/1937845096457912502?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 25, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">This change also brings Barclays in line with what other UK banks have already done. Santander, NatWest, Halifax, and Lloyds have all blocked crypto purchases via credit cards over the past year. <\/span><span data-preserver-spaces=\"true\">For banks, it\u2019s less about opposing crypto and more about <\/span><span data-preserver-spaces=\"true\">limiting<\/span><span data-preserver-spaces=\"true\"> the financial risk <\/span><span data-preserver-spaces=\"true\">tied to<\/span><span data-preserver-spaces=\"true\"> unsecured borrowing in a market that remains unpredictable.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">What Customers Can Expect<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">If you\u2019re a Barclays customer and you\u2019ve used your credit card to buy crypto, that option will be off the table by the end of the week. The bank is notifying users through its app and online banking services so that no one is caught by surprise. <\/span><span data-preserver-spaces=\"true\">Debit card purchases and bank transfers will <\/span><span data-preserver-spaces=\"true\">still<\/span><span data-preserver-spaces=\"true\"> work as usual, so customers <\/span><span data-preserver-spaces=\"true\">aren\u2019t being<\/span><span data-preserver-spaces=\"true\"> locked out of crypto <\/span><span data-preserver-spaces=\"true\">entirely<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> But they will need to use funds they already have, not borrowed ones.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.13T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-685cee14cb4ca\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">The ban also applies to cash advances used to fund crypto purchases on third-party platforms. <\/span><span data-preserver-spaces=\"true\">So even<\/span><span data-preserver-spaces=\"true\"> if the purchase isn\u2019t <\/span><span data-preserver-spaces=\"true\">directly made<\/span><span data-preserver-spaces=\"true\"> through a crypto exchange, if the bank <\/span><span data-preserver-spaces=\"true\">sees<\/span><span data-preserver-spaces=\"true\"> that credit is being used for crypto-related activity, it will likely block the transaction.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in June2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Part of a Bigger Picture<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This decision is not happening in isolation. UK regulators, especially the Financial Conduct Authority, have been vocal about the risks of crypto investing, particularly when people use borrowed money. <\/span><span data-preserver-spaces=\"true\">Reports have shown a rise in crypto-related debt complaints, with consumers falling into financial trouble after <\/span><span data-preserver-spaces=\"true\">betting on<\/span><span data-preserver-spaces=\"true\"> price moves that <\/span><span data-preserver-spaces=\"true\">didn\u2019t work out<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<figure id=\"attachment_252857\" aria-describedby=\"caption-attachment-252857\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-252857 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/barclays-crypto-ban-for-purchases-with-credit-card.jpg\" alt=\"barclays crypto ban for purchases with credit card\" width=\"1000\" height=\"667\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/barclays-crypto-ban-for-purchases-with-credit-card.jpg 1000w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/barclays-crypto-ban-for-purchases-with-credit-card-300x200.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/barclays-crypto-ban-for-purchases-with-credit-card-768x512.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/barclays-crypto-ban-for-purchases-with-credit-card-50x33.jpg 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/barclays-crypto-ban-for-purchases-with-credit-card-350x233.jpg 350w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-252857\" class=\"wp-caption-text\">Source: Shutterstock<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The FCA has been urging financial institutions to take a closer look at how customers are exposed to crypto. Some of that pressure is now translating into real policy shifts. Barclays\u2019 new restriction is just the latest example of that trend.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Where This Could Lead<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It wouldn\u2019t be surprising if more banks in the UK follow suit in the coming weeks. Some already have similar policies in place, and others are reviewing their stance. Outside the UK, banks in Europe are also starting to reconsider how credit card products interact with digital assets. <\/span><span data-preserver-spaces=\"true\">In the United States, the conversation is more fragmented, but <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> regulatory attention is growing there <\/span><span data-preserver-spaces=\"true\">too<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> continues to move into the mainstream, financial institutions are trying to <\/span><span data-preserver-spaces=\"true\">figure out where they stand<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> For now, Barclays is drawing a clear boundary. Borrowing to buy crypto is off the table. If you want to invest, you\u2019ll have to do it with your own money.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Barclays will block all credit card crypto purchases starting June 27, affecting both direct buys and transactions through third-party apps.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The bank cites customer safety and market volatility as the main reasons for banning crypto purchases made with borrowed funds.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Debit card and bank transfer options will still be available for crypto buys, but customers must use their own funds.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Barclays joins other UK banks like Santander and NatWest in restricting crypto buys via credit, in line with regulator pressure.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        This move reflects a growing trend of banks limiting credit-based exposure to crypto due to rising concerns about risk and debt.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/legal\/barclays-bans-credit-card-crypto-buys-starting-june-27th\/\">Barclays Bans Credit Card Crypto Buys Starting June 27th<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Barclays is putting a stop to crypto purchases made with credit cards, and the change kicks in this Friday on June 27th. Customers will no longer be able to use their Barclays credit cards to buy digital assets like Bitcoin or Ethereum, either directly or through apps that offer crypto services. It\u2019s a notable move [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33782","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33782"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33782\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}