Since the 2008 financial crisis, Barclays has gone through some rough patches. It recently agreed to pay $2 billion to the US government for its role in causing the 2008 financial mess. The bank has also had to deal with its employees getting sanctioned for illegal practices. The British bank was recently criticized for paying out GBP 20 million to its employees as bonuses just after it announced that it incurred losses amounting to GBP 1.9 in 2017.
According to the bank’s spokesman, Andrew Smith, Barclays constantly monitors developments in the crypto world. He added that the bank will continue to be engaged in dialogue with its clients on their needs and intentions in the cryptocurrency space.