UK banks’ anti-crypto stance intensifies even as regulatory process moves forward
Even as the U.K.’s crypto regulations work their way through the system, most of the country’s banks are still blocking their customers’ access to even registered crypto exchanges.
The Financial Conduct Authority’s list of crypto asset companies, which certifies they meet the country’s anti-money laundering and terrorism financing regulations, now numbers 59, including exchanges like Coinbase (COIN), Kraken and Gemini (GEMI).
Still, clients wanting to invest on those platforms are likely to find themselves stymied by their banks. In a report published Monday, lobby group UK Cryptoasset Business Council found that seven out of the 10 top exchanges operating in the country perceive increased hostility from national banks over…
