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   441

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.

Andreessen Horowitz to Launch Crypto Investment Fund

Two new job openings by Andreessen Horowitz confirms the information about possible launch separate crypto investment fund
24 April 2018   31

One of the most influential venture capital companies of Silicon Valley intends to open its own fund, entirely dedicated to work with cryptocurrencies. This is repoted by Recode.

Rumors about the possible creation of a new division of Andreessen Horowitz have been on the web for quite some time, which is not surprising, as the company, also known as A16z, previously invested in Coinbase, and CryptoKitties, and its founder Mark Andrissen is a big supporter of cryptocurrency .

Two new job openings by Andreessen Horowitz confirms the information that had spread earlier.

Currently, the venture company is looking for a "Manager for financial and operational activities, Cryptoactive" and "Legal Support Specialist, Cryptoactive". Both vacancies indicate that the company hires employees for an "individually managed fund that focuses on crypto assets."

The Legal Counsel will monitor "compliance with all necessary SEC requirements" and "manage the compliance of the firm / fund activities with all SEC requirements / other requirements", and the operational manager will among other things evaluate the crypto-currency assets.