UK Bank Refuses to Ban Crypto Despite Overall Trend

Barclays bank representative stated that Bitcoin buying on credit cards will remain allowed and no bans are planned according to the bank policy
08 February 2018   627

Barclays is a British multinational bank and financial services company headquartered in London, which is offering products and services across personal, corporate and investment banking, credit cards and wealth management.

In a recent interview with BBC, Barclays has announced that customers will continue to be able to purchase cryptocurrencies using credit cards, despite the overall trend of banks banning cryptocurrency. For instance, british Lloyd’s Banking Group confirmed that it will block any cryptocurrency-related operations with credit cards.

We take precautions to assess affordability before extending credit, flag and prevent any suspicious transactions and also closely monitor credit risk.
 

Barclays Spokesperson

The spokesperson from Barclays bank claimed in an interview with BBC that customers will be able to use both Barclays debit cards and Barclaycard credit cards to purchase cryptocurrencies.

As for the situation in other countries, US financial institutions like JP Morgan Chase & Co., Citigroup Inc. and Bank of America Corp. have announced that they had started blocking crypto transactions made with credit cards.

Former SpaceX Engineer to Launch Crypto Exchange

Earlier CEO of LXDX Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX
18 September 2018   93

The supplier of exchange technologies and services LXDX launches a new trading platform for digital assets. This is reported by the publication LeapRate with reference to the company's CEO Joshua Greenwald.

He said that the new platform will make institutional trade instruments available to a wide range of crypto traders.

Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access. When we built top tier infrastructure for traditional markets, our team solved many of the same problems facing cryptocurrency exchanges today. We are excited to bring a higher caliber of technology to cryptocurrency investors everywhere.
 

Joshua Greenwald

CEO, LXDX

The site will fully meet the requirements of KYC / AML.

Earlier Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX. His startup received support from large investors, one of which was the venture fund Dymon Asia. In September, LXDX moved to Malta.