Replying to Avatar Jon

The UK isn’t regulating Bitcoin. It’s regulating banks away from it.

#Revolut

1k Bitcoin transfers daily, 3k monthly.

#Natwest

1k daily 5K monthly

#Metro Bank

As of late 2024, has blocked crypto deposits into exchanges.

#Starling Bank: Restricts crypto transactions to prevent fraud.

#Chase UK: Banned crypto-related transactions starting October 2023

TSB: Implemented a blanket ban on all crypto transactions.
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mike 7mo ago

That explains a lot

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Jon 7mo ago

I got question today by Revolut for a 3 GBP transaction in bitcoin I made in December last year. They said it was for “compliance” reasons 🤣

Can’t make that shit up!