Summary
- Barclays announced its decision to completely ban the use of bank cards in virtual asset transactions.
- Barclays cited the high volatility of virtual assets as the reason, aiming to prevent excessive debt risk for customers.
- It explained that Bitcoin is trading at $107,065, up 1.74% from 24 hours ago.
British investment bank Barclays is set to completely ban transactions of virtual assets (cryptocurrencies) through bank cards.
On the 25th (local time), Barclays announced on its official website, "Starting from the 27th (local time), the use of bank cards for virtual asset transactions will be prohibited," explaining, "This measure is intended to reduce the risk of customers taking on excessive debt due to the high volatility of virtual assets."
As of 9:04 PM, according to Binance USDT market data, Bitcoin is trading at $107,065, up 1.74% from 24 hours earlier.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
