🚨 UK BANKS BLOCK 40% OF CRYPTO PAYMENTS — £1B REJECTED
UK banks are aggressively cutting off crypto access.
An industry survey of exchanges reveals ~40% of crypto-related payments are now being blocked, with an estimated £1 BILLION in transactions rejected.$LINK
📌 Key findings:
• 80% of exchanges report a sharp rise in failed or disrupted customer payments
• Bank blocks include deposits, card payments, and faster payments
• Many users are flagged despite passing KYC & AML checks
⚠️ What’s really happening:$SUI
This isn’t about fraud alone.
Banks are using “risk controls” as de-facto policy, quietly restricting crypto rails without clear rules, transparency, or appeal processes.
🔥 Why it matters:
• Retail access to crypto is being choked at the on-ramp
• UK risks falling behind the EU, UAE, and Asia on digital asset adoption
• Pushes users toward offshore platforms, stablecoins, or P2P rails$DASH
🧠 The irony:
The UK says it wants to be a global crypto hub —
while its banks are acting like gatekeepers from the last decade.
When institutions block innovation,
capital doesn’t disappear — it reroutes.
#TrendingTopic #crypto #dogwifhat
