consumerprotection

A survey released on January 26, 2026 by the UK Cryptoasset Business Council (UKCBC) revealed that major UK banks blocked or delayed nearly 40% of customer payments to crypto exchanges, rejecting more than £1 billion worth of transactions. The findings were based on responses from ten of the country’s largest centralized exchanges, highlighting widespread restrictions even when customers attempted to transfer funds to regulated platforms.
The growing tension between UK banks and the crypto sector, with exchanges warning that blanket payment blocks are undermining access to digital assets. The data shows that despite the UK’s stated ambition to become a global hub for crypto innovation, banking practices remain a significant barrier for users and businesses operating in the industry.
#CryptoNews #UKFinance #Bitcoin #ConsumerProtection #BankingNews

UK banks are intensifying their anti-crypto stance by blocking or limiting customer transfers to cryptocurrency exchanges, citing fraud and consumer protection concerns, despite the UK government's ongoing process to create a comprehensive regulatory framework for digital assets. A recent survey found that 40% of transfers to exchanges are blocked or delayed.
Bank Policies and Industry Reaction
Major banks such as HSBC, Barclays, and NatWest impose limits on how much customers can transfer, while others like Chase UK, Metro Bank, TSB, and Starling Bank have implemented full bans on transfers to crypto exchanges. Banks justify these actions by stating they have a duty to protect their customers from high-risk assets and potential financial crime, such as money laundering and scams.
A report by the UK Cryptoasset Business Council (UKCBC), which lobbied the government on behalf of ten of the country's largest exchanges, found that eight of the firms experienced an increase in customers facing blocked transfers in 2025. The UKCBC argues that these blanket restrictions are an obstacle to the growth of the local crypto industry and that banks should take a case-by-case approach for platforms registered with the Financial Conduct Authority (FCA). One exchange reported nearly $1.4 billion in declined transactions in 2025 due to bank rejections.
Regulatory Process
The UK government is proceeding with plans to make the UK a global hub for crypto technology, with new legislation expected to bring cryptoassets into the full regulatory perimeter of the Financial Services and Markets Act (FSMA). Key developments include:
Legislation: Draft legislation was published in late 2025, with the new regulatory regime expected to come into full force by October 2027.
FCA Role: The FCA is developing detailed rules for the new regime, covering stablecoins, custody, and prudential requirements. Firms promoting cryptoassets to UK consumers must already be authorized by the FCA or have their promotions approved.
Prudential Rules: By 2026, the Bank of England is expected to introduce stricter rules on banks holding crypto assets, potentially limiting exposure to less than 1% of their capital, which could further influence their cautious approach.
The conflict highlights a disconnect between the government's ambition to foster crypto innovation and the traditional banking sector's risk-averse stance driven by consumer protection and financial crime concerns.

#UKBanking #CryptoRegulation #FinancialCrime #ConsumerProtection #DigitalAssets

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Galvenie aspekti CLARITY Act:
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Kredītkaršu procentu ierobežojuma priekšlikums var būtiski ietekmēt bankas gan operatīvā, gan finanšu ziņā. Šeit ir detalizēts pārskats:
1. Ieņēmumu ietekme
Intereses ieņēmumu samazināšana: Kredītkaršu intereses ir galvenais intereses ieņēmumu avots bankām. Intereses likmju ierobežošana tieši ierobežo to, ko bankas var nopelnīt no neapmaksātajiem atlikumiem, īpaši augsta riska vai nokavētiem kontiem.
Peļņas maržas spiediens: Bankas bieži iekasē augstākas likmes, lai kompensētu maksājumus. Ar ierobežojumu tās var saskarties ar samazinātām maržām, īpaši, ja maksājumi pieaug.

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Volatilitāte un regulatīvās aizsardzības trūkums virza lēmumu.
Apvienotās Karalistes investori joprojām var izmantot debetkartes vai bankas pārskaitījumus kriptovalūtām.
Citas bankas, piemēram, Lloyds, arī ierobežo kriptovalūtu darījumus.
Fintech platformas var pamanīt pieaugošu pieprasījumu pēc kriptovalūtu piekļuves.
Barclays Bank bloķēs visus kriptovalūtu darījumus, kas veikti ar tās kredītkartēm, tostarp Barclaycard, sākot no 2025. gada 27. jūnija. Lēmums ir vērsts uz to, lai pasargātu klientus no finansiāliem riskiem, kas saistīti ar svārstīgo kriptovalūtu tirgu.