A new industry report says most major UK banks are making it harder for people to move money to crypto exchanges. According to the findings, banks are widely blockingA new industry report says most major UK banks are making it harder for people to move money to crypto exchanges. According to the findings, banks are widely blocking
UK Banks Block Crypto Transfers, Report Warns of Market Impact
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A recent industry report shows that most major UK banks now block or limit customer transfers to crypto exchanges—even regulated ones. This is making it increasingly difficult for people to invest in cryptocurrency. Industry leaders believe these restrictions are stifling growth and pushing innovation abroad. The limitations extend across nearly all payments to crypto services, which raises serious concerns about market impact. Therefore, experts warn this approach risks driving crypto businesses overseas, potentially undermining Britain's standing in the digital asset sector. Overall, these widespread banking barriers are preventing customers from accessing legitimate cryptocurrency platforms—a trend that could have lasting consequences for the industry's future in the UK.
A new industry report says most major UK banks are making it harder for people to move money to crypto exchanges. According to the findings, banks are widely blocking or limiting payments, even when customers use regulated platforms. Industry leaders warn that these practices are slowing growth and pushing innovation out of the country.
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