News Explorer — Lobbying Group Says UK Crypto 'Debanking' Is Accelerating

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Jan 26, 4:40 pm

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Lobbying Group Says UK Crypto 'Debanking' Is Accelerating

The UK Cryptoasset Business Council found a rise in blocked or limited bank transfers to crypto exchanges, with one exchange experiencing close to £1 billion in declined transactions. The group is urging for clearer regulatory guidance to address the increasing hostility towards crypto in the UK.

The UK Cryptoasset Business Council found a rise in blocked or limited bank transfers to crypto exchanges, with one exchange experiencing close to £1 billion in declined transactions. The group is urging for clearer regulatory guidance to address the increasing hostility towards crypto in the UK.

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