UK crypto investors face banking barriers amid regulatory tension

40% of crypto investors in Britain have had payments to digital asset platforms blocked or slowed by their banks. Many have filed complaints or switched banks due to restrictions. Public opinion is split on banks restricting crypto payments, with some seeing it as necessary to prevent fraud. Britain’s cautious approach to digital assets has been criticized, with concerns about falling behind other financial centers. Regulatory restrictions limit the ability of retail buyers to use credit cards or borrowed capital for crypto investments. Despite this, the FCA will allow retail investors to trade crypto exchange-traded notes starting October 8.