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👉 UK banks are quietly slamming the brakes on crypto  even when it’s legal.

Even though the U.K. is slowly putting clear crypto rules in place, most big banks are making it harder than ever for people to move money to crypto exchanges. A new industry survey shows that in 2025, 4 out of every 10 crypto transactions were blocked or delayed by banks, and 80% of exchanges saw more customers hit with transfer bans or limits.
Banks like HSBC, Barclays, and NatWest cap how much customers can send, while others including Chase UK, Starling, TSB, and Metro Bank block crypto transfers entirely.
Their reason:  protecting customers from fraud and scams. Crypto firms argue that doesn’t add up, especially since 59 exchanges are now officially registered with the FCA, including big names.
The result? Frustrated users, stalled investments, and exchanges losing billions in rejected transactions  one platform alone reported $1.4 billion declined in 2025. Some companies say they’re now focusing on other countries because doing business in the U.K. has become too difficult.
In short: crypto may be inching toward regulation in the U.K., but banks are still saying “no” and the gap between regulators and lenders is getting wider, not smaller.
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