UK Banks Still Blocking Bitcoin, Policy Group Tells Parliament

Bitcoin Policy UK told Parliament that British banks continue to block transfers between bank accounts and cryptocurrency exchanges. The policy group said 40% of bank-to-exchange transfers in Britain are being blocked, highlighting an ongoing access issue for people seeking to move funds into the crypto market. The information was reported by Bitcoin Magazine in a post written by Mathew Di Salvo. The report concerns banking access to Bitcoin-related transactions in the United Kingdom and is relevant to market participants tracking the operating environment for BTC. Bitcoin Policy UK’s statement focuses on transfer restrictions involving banks and exchanges; the source material does not provide details on individual banks, the reasons for the blocks, the value of affected transfers, or any response from UK authorities. The group’s comments were made to Parliament, placing the reported blocking rate in the context of discussions about Bitcoin policy and financial access in Britain.