Lisa Cameron, a member of Parliament and the chair of the Crypto and Digital Assets group, said in a statement to CoinDesk that crypto businesses have been unable to open bank accounts with Santander and NatWest Group, an issue sheA spokesperson for NatWest said the bank does not “currently offer banking facilities to businesses [that] buy or sell cryptocurrencies. This is a rapidly evolving space in the U.K. and we keep our stance under constant review.
“We make all decisions about onboarding new to bank businesses on a case-by-case basis based on the specific details of each business,” a spokesperson from Santander told CoinDesk in a statement.U.K. banks have been pulling away from crypto in recent years. Alison Rose, the chief executive officer of NatWest,that the bank had been “blocking retail and wealth customers from transferring into crypto assets because of the volatility and the stability of the platform.
In March NatWest began limiting customer payments to crypto exchanges to 1,000 British pounds per day and 5,000 British pounds over a 30-day period, to protect consumers from “crypto-criminals,” NatWestMany other banks have opted to limit crypto payments to exchanges in order to protect their consumers from risks.Spanish bank Santander, which has U.K.
camomileshumba Tap Global 👍
camomileshumba Apparently their desire to protect their clients doesn't extend to preventing them from spending all of their money on online gambling apps though.
camomileshumba British banks priorities are ESG, LGBTQ+, HMRC etc… the customer comes last. Their approach to crypto says it all.
camomileshumba And that is why lots of banks are going to fail greatreset
camomileshumba We bribe them. Not bribe...indulge. Bankers are humans with vices. Let's feed those vices. No Jimmy Saville banks tho...looking at you JPM. Vive le crypto.
camomileshumba But isn’t the UK trying to be a top crypto hub?
camomileshumba But isn’t the UK trying to be a top crypto hub?
camomileshumba I had hope in RishiSunak as he seemed to be modern and open minded. Am I wrong?
camomileshumba I ain’t going back to their Ponzi scheme
camomileshumba They'll be doing us a favour to shut us out.
camomileshumba Libertarians 😹 crying to the state?
camomileshumba CRYPTO is the future. Embrace $MOAB
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Source: CNBC - 🏆 12. / 72 Read more »