Some UK banks are blanket banning Crypto related transactions. They say that this is due to fraud and consumer protection, but we believe it is in order to protect their own interests. We want the Government legislate against blanket restrictions to protect the economic freedom of the population.
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We want the Government to legislate to prevent blanket bans on Crypto related transactions, and instead should encourage banks to develop more appropriate risk indicators to balance both the interests of investors and the interests of those vulnerable to falling victim to a scam.
Whilst some other major economies are embracing, positively regulating and approving the trading of Crypto in traditional money markets, some UK Banking institutions are suffocating and blocking UK citizens' ability to participate.