Four in 10 crypto investors in Britain reported that their banks blocked or slowed payments to digital asset platforms, highlighting growing tension between traditional finance and the country’s crypto sector.
Among those affected, nearly a third filed complaints, while more than a third switched banks after encountering restrictions.
Public opinion on the issue is split. According to the survey, 42% of adults said they opposed banks stepping in to restrict crypto payments, while about one-third supported the practice.
Some high-street banks, including Chase UK and NatWest, have introduced additional curbs, citing fraud risks. Those restrictions have left many customers struggling to fund accounts with regulated exchanges.
He highlighted the near absence of pound-backed stablecoins in a global market worth nearly $300 billion, with sterling-linked tokens making up just a fraction of the total supply.
Even so, regulators have made incremental changes. Beginning Oct. 8, the FCA will allow retail investors to trade crypto exchange-traded notes, reversing a ban imposed during a period of high volatility.
