SparkyPunk_bn(@khatushyamji0998)'s insights

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No UK crypto ban. But many banks block or delay ~40% of transfers to exchanges due to fraud/risk controls. It’s banking policy friction, not a govt prohibition.

TIS_Square

Alarm! Are UK banks banning Crypto? When 40% of money transfer transactions are blocked

The door to the cryptocurrency market for British investors is narrower than ever. A shocking report released today has exposed the organized debanking situation occurring in the UK.

🔷 The latest survey from UKCBC shows that commercial banks in the UK are erecting extremely complex technical barriers:
Currently, it is estimated that up to 40% of efforts to transfer money from bank accounts to Crypto exchanges are completely blocked or delayed for long periods.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}No UK crypto ban. But many banks block or delay ~40% of transfers to exchanges due to fraud/risk controls. It’s banking policy friction, not a govt prohibition.

No UK crypto ban. But many banks block or delay ~40% of transfers to exchanges due to fraud/risk controls. It’s banking policy friction, not a govt prohibition.