UK banks blocked almost £1 billion in lawful Bitcoin and crypto payments at one exchange in a single year.
The overall picture isn’t much better:
- 40% of transfers blocked or delayed
- 80% of exchanges say it’s getting worse
- Half of firms can’t open or keep bank accounts
- 70% say UK banking is more hostile
These are lawful payments, including transfers to FCA registered platforms.
Banks still lump Bitcoin in with the riskiest parts of crypto.
Bitcoin is not crypto. It has:
- No CEO
- No issuer
- No company controlling it
- Fixed supply
- Decentralised global network
@bitcoinpolicyuk is calling for an end to blanket restrictions, proper risk-based decisions, and a clear reason plus a real route of appeal when a payment is blocked.
This has been getting worse for years.
So much for the UK’s ambition to be a global crypto hub.
Macro updates:
- Tariffs continuing to destroy markets (tariffs are extremely - EV for world trade)
- Europe banding together to fight Russia with Ukraine
- BITCOIN RECOGNIZED AS A STRATEGIC RESERVE CURRENCY OF THE US
I don't think crypto is at the top of the US administrations bucket list right now, with global tariffs & war which will likely be the main focus for the upcoming months
However, the network effect of Bitcoin has never been stronger, countries adopting, corporations adopting, ETFs are here
Long term growth >> short term pain
Roger needs our support now more than ever. He has been a pioneer for cryptocurrency as a tool for freedom since the beginning. All it takes is us speaking out on his behalf and gaining traction, together.
Sign the open letter to Free Roger 🔗👇🏻
https://t.co/jk4Gfy8Kg0
Dear European “leaders”, although Hungary has been the only country that has consistanly stood for peace in the EU, we didn’t intend to discuss this publicly. But that works just as well.
Hungary's position is that direct negotiations with Russia must begin immediately in order to achieve a ceasefire and lasting peace.
We also expect the leaders of the European Union to act as responsible politicians—considering both human lives and economic damage—and to take steps towards an immediate ceasefire and peace.
I've always known I'd be targeted politically for spreading cryptocurrency and voluntaryist ideals. That's why I always did everything possible to comply fully with tax laws. The fact they indicted me anyway, despite my best efforts and full willingness to comply, proves beyond doubt this is a political persecution. I need the public’s help to end it. https://t.co/rrtZlvJDmt