UK banks face 10,000 complaints in 3 months over crypto restrictions
Bullish strength: 30/100
- The UK government and FCA are preparing a regulatory regime intended to attract crypto businesses.
- Consumer complaints could increase pressure on banks to improve crypto transaction access.
Bearish strength: 70/100
- More than 10,000 complaints about crypto purchase restrictions were submitted over 90 days.
- 40% of attempted transfers to FCA-registered crypto exchanges were reportedly blocked or delayed.
- Blanket banking restrictions could hinder UK crypto adoption and discourage investment in the sector.
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