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Crypto Regulation

UK Banks Still Blocking Bitcoin, Policy Group Tells Parliament

Bitcoin Policy UK reported to Parliament that 40% of bank-to-exchange transfers are being blocked in Britain, hindering cryptocurrency adoption. The group calls for regulatory clarity to prevent banks from restricting access to digital assets.

Original source

AI take

The striking part is not that banks restrict crypto, but that a policy group is quantifying it for Parliament, turning an anecdotal friction into a formal access argument. This matters most for UK retail users and exchanges, whose on-ramp depends on banks they cannot choose around. The open question is whether lawmakers treat blocking as a consumer-protection matter or a competitive one; the industry's push for regulatory clarity is really a push to shift that judgement from bank risk desks to regulators.

Generated by AI for reference only.

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