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"We constantly review our protections for customers as a responsible bank and lender, and are keeping this matter under close review.

"At present UK customers can use both their Barclays debit card and Barclaycard credit card to purchase cryptocurrency legitimately. We take precautions to assess affordability before extending credit, flag and prevent any suspicious transactions and also closely monitor credit risk."

"We don’t block payments for customers wishing to purchase cryptocurrencies when they use a TSB credit card or debit card, however we continue to monitor the use of cryptocurrencies and we will review our position on an ongoing basis," a TSB spokesperson told Business Insider.

"We will continue to monitor crypto-currencies as we do with any other factors that could impact our customers," a Santander spokesperson said.

"At Santander we apply rigorous lending criteria and monitor customer spending. If we feel someone is at risk of getting in to financial difficulty we have support measures in place to help them."

"HSBC currently allows its customers to purchase digital currencies using their debit and credit cards. Our credit policies remain under constant review and we monitor individual credit card transactions in line with our usual procedures."

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