BoundlessPay Blog
Advertisement
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Contact us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Contact us
No Result
View All Result
BoundlessPay Blog
No Result
View All Result
Home Altcoins

UK Bank’s Restrictions on Cryptocurrencies, its Effect on the Masses

BP-Fintech by BP-Fintech
February 2, 2023
in Altcoins, Articles
56 2
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Many banks in the UK attempt to shut down cryptocurrency-related firms and people who want to invest in cryptocurrencies, but their policies are designed to correct the situation.

The Financial Conduct Authority (FCA) of the United Kingdom (UK) notified the leaders of the biggest high street banks in the nation in 2018 to consider the critical decision of how to handle crypto firms in the nation. This appears to have resulted in numerous high marks and restrictions on cryptocurrency-related banking, which has an effect on both investors and cryptocurrency businesses looking to operate in the United Kingdom.

Related articles

What Is Kasta?

April 13, 2023

What Is Solana (SOL)?

April 13, 2023

Because the situation is imbalanced right now, the banks must cooperate or reasonably be more worried with scams. Cryptocurrency businesses need a good payment method for their staff and suppliers as well as access to other payment rails for a variety of other reasons. Cryptocurrency investors want a good transaction to ensure that their money moves as smoothly as they want it to.

Avoiding cryptocurrencies services on purpose will have a negative impact on market competition for various banking services, such as payment methods. Because they believe it will have an impact on the market, banks are postponing the derisking of cryptocurrencies and the facilitation of cryptocurrency to bank transfers. And if that occurs, the regulator will step in and preserve market competition.

Customers are contacted to confirm transactions they have made recognizing the risks associated. Additionally, banks are either entirely barring cryptocurrency payments or starting their fraud prevention procedures. This demonstrates that the risk associated with cryptocurrency-related transactions is not justifiable and that regular individuals are unable to spend their money as they like.

Although investors’ freedoms are restricted and crypto firms face difficulties opening bank accounts, practically every high street bank has a considerable interest in the technology. They are examining if cryptocurrency will be successful from the perspective of institutional investment, but the willingness and understanding do not reach the retail and corporate transactional bankers across the building.

By: J.J Sharia

Share76Tweet47

Related Posts

What Is Kasta?

by BP-Fintech
April 13, 2023
0

Kasta is a cryptocurrency payment platform that allows you to quickly and easily send, receive and swap crypto. $KASTA is...

What Is Solana (SOL)?

by BP-Fintech
April 13, 2023
0

Solana (SOL) is a blockchain that enables the hosting of decentralized, scalable apps. It was created to function like and...

What Is SHIBA INU (SHIB)?

by BP-Fintech
April 13, 2023
0

Shiba Inu (SHIB) is an Ethereum-based meme token that mimics DOGE coin and features the Shiba Inu hunting dog as...

What Is Defi Tiger (DTG)?

by BP-Fintech
April 12, 2023
0

Defi Tiger (DTG) is a community driven meme token running on the Binance Smart Chain, created to foster financial inclusion...

What Is USD Coin (USDC)?

by BP-Fintech
April 4, 2023
0

USD Coin (USDC) is a digital dollar, also known as a stablecoin, that is completely backed on a 1:1 basis...

Load More
  • Trending
  • Comments
  • Latest

What Is USD Coin (USDC)?

April 4, 2023
Wallet address update ℹ️

Wallet address update ℹ️

June 16, 2025

US Commodities Regulator Beefs Up Bitcoin Futures Review

April 25, 2025

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

June 2, 2025

BoundlessPay Announces Strategic Partnership with Qitmeer Network

2

How to Setup 2FA (Two-Factor Authentication) On BoundlessPay

1

Last Week in Crypto: A Rundown of Major Stories in the Crypto Space Last Week

1

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Buy airtime and Data with crypto 📲

Buy airtime and Data with crypto 📲

June 19, 2025
Wallet address update ℹ️

Wallet address update ℹ️

June 16, 2025

US Commodities Regulator Beefs Up Bitcoin Futures Review

April 25, 2025

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

June 2, 2025

SR Corporate Services Limited, Wattley Building, 2nd Floor, P.O. Box 3410, Road Town, Tortola, British Virgin Islands (BVI 2151232).

 

Vatebra Tech Hub, Lekki-Epe Expressway, Ajiwe, Ajah, Eti-Osa, Lagos State, Nigeri

Telegram Twitter Facebook Instagram Linkedin
Categories
  • Altcoins
  • Announcements
  • Articles
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • How to
  • In App News
  • Knowledge
  • Market
  • News
  • News – Editors Pick
  • News – Latest
  • News – Top Stories
  • Regulation
  • Ripple
  • Stablecoins
  • What is
Tags
Altcoin (12) Altcoins (21) Announcements (8) Binance (2) Bitcoin (2) Bitcoin Cash (1) Bitcoin drops (12) Bitcoin Wallet (12) Blockchain (18) Boundlesspay (9) Celo (2) Cointelegraph (11) Cryptocurrency (12) DefiTiger (1) DTG (1) EADIS (1) East Africa Digital Innovation Summit (1) Ethereum (1) FTX (1) Gitex Africa (1) Gitex Africa Summit (1) ICO (11) Investment (12) Kasta (1) Knowledge (22) Lending (14) Market Stories (13) MEER (1) Mining Bitcoin (11) New Listing (3) Polygon (MATIC) (1) Qitmeer Network (1) Rewards (1) SEC (1) SHIB (2) Shiba Inu (2) SOL (1) Solana (1) Stablecoins (2) Tron (1) USDC (1) Wakanda Inu (1) Web3 (1) What is (19) WKD (1)

© Copyright 2025 Boundless Nexus Ltd. (BVI) 2151232. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Contact us

© Copyright 2025 Boundless Nexus Ltd. (BVI) 2151232. All Rights Reserved


Warning: Trying to access array offset on value of type bool in /home/intehbrr/news.boundlesspay.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 263

Warning: Trying to access array offset on value of type bool in /home/intehbrr/news.boundlesspay.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 264

Warning: Trying to access array offset on value of type bool in /home/intehbrr/news.boundlesspay.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 265