UK Banks Face 10,000 Crypto Complaints in 90 Days: Report
UK consumers filed more than 10,000 complaints in 3 months over banks blocking or limiting crypto transfers, raising questions about Britain's crypto hub ambitions.
If a country wants to lead in crypto, who is responsible for ensuring banks do not block legal access: regulators, lawmakers, or the banks themselves? Stand With Crypto argues financial crime controls should assess individual transactions, not entire sectors. But banks cite fraud and money-laundering risk as justification for blanket limits. As more countries pursue crypto-friendly regulation while leaving banking practices untouched, the question of who closes that gap, and how, remains open across jurisdictions far beyond the UK.
https://www.bonuz.xyz/en/blog/uk-banks-10000-crypto-complaints-90-days
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UK consumers filed more than 10,000 complaints in 3 months over banks blocking or limiting crypto transfers, raising questions about Britain's crypto hub ambitions.
If a country wants to lead in crypto, who is responsible for ensuring banks do not block legal access: regulators, lawmakers, or the banks themselves? Stand With Crypto argues financial crime controls should assess individual transactions, not entire sectors. But banks cite fraud and money-laundering risk as justification for blanket limits. As more countries pursue crypto-friendly regulation while leaving banking practices untouched, the question of who closes that gap, and how, remains open across jurisdictions far beyond the UK.
https://www.bonuz.xyz/en/blog/uk-banks-10000-crypto-complaints-90-days
💛💛 one tap a day helps: vote Professor Mende in the Binance Blockchain 100. link pinned on my profile, grab a 🧧 red packet while you are there 💛💛
