Barclays Bank blocking “any type of crypto-currency transaction”

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Barclays Bank blocking “any type of crypto-currency transaction”

I’ve banked with Barclays for 30+ years and have transferred money to and from lots of exchanges in the last 8 or so years of being in crypto.

They’ve always been quick to put temporary blocks on my account “to protect me” (happened with Nexo and Binance) but have generally been fine once I’ve phoned and explained that I understand the risk.

However, today I received this text:

from 29 July, you'll no longer be able to use your debit card linked to your Barclays Basic Bank Account to make any type of crypto-currency transaction. For more info, search 'Barclays crypto-currency limits' online. Your Barclays team.

I read their online FAQ and it seems it’s already in effect from last month.

This won’t make me change bank, I’ve other accounts that I can use for crypto payments, but it’s still disappointing to see the UK, a want to be crypto hub taking this direction.

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