Four out of 10 crypto investors in Britain reported that their banks blocked or delayed payments to digital asset vlatforms, which emphasized the growing tension between traditional finances and the crypto sector of the country.
The findings come from an IG group study of 500 active crypto users and 2,000 adults in the United Kingdom, according to a Cointelegraph report.
Crypto Access
Among the affected ones, almost a third of the complaints submitted, while more than a third of banks switched after encountering limitations.
The public opinion on the issue is divided. According to the survey, 42% of adults said that they oppose banks to limit crypto payments, while about a third supported the practice.
Although the actions of digital assets are legal in Britain, investors are confronted with regulatory and bank limits when moving money to the sector. Only companies that are registered with the Financial Conduct Authority (FCA) can offer crypto services in pounds, and prohibit rules to use retail buyers to use credit cards or other forms of borrowed capital.
Some benches with a high street, including Chase UK and Natwest, have introduced extra curbs, quoting fraud risks. These limitations have a hard time financing accounts with regulated fairs.
Wider competitive problems
The research results contribute to broader criticism of the cautious approach to digital assets of the UK. Former Chancellor of the Treasury George Osborne, now a Coinbase adviser, recently argued that Great -Britain is running at the back of other financial centers.
He emphasized the almost absence of Stablecoins with a pound in a worldwide market worth almost $ 300 billion, with sterling-linked tokens that only form a fraction of the total offer.
Nevertheless, supervisors have made incremental changes. From 8 October, the FCA retail investors will enable crypto exchange-bound notes to trade, which reduces a ban imposed during a period of high volatility.