Stop Debanking of Blockchain, Web3 and Crypto Asset Businesses in the UK
Debanking is a growing problem and blockchain and crypto asset firms are the hardest hit sector; the majority of crypto asset and blockchain firms are “debanked” and are left without access to basic banking services. Furthermore, 8 out of 10 high street banks have blanket bans or limits on transfers to crypto asset exchanges. The significant and welcome steps the UK is taking to embrace the sector are undermined if the crypto sector is de-banked and the crucial on-ramp from fiat currency to crypto is choked off. If you are concerned about debanking, make your voice heard – and write to your MP.
Email your MP today and call for urgent action to stop unfair debanking.
Take actionDebanking is a growing problem and blockchain and crypto asset firms are the hardest hit sector; the majority of crypto asset and blockchain firms are “debanked” and are left without access to basic banking services. Furthermore, 8 out of 10 high street banks have blanket bans or limits on transfers to crypto asset exchanges. The significant and welcome steps the UK is taking to embrace the sector are undermined if the crypto sector is de-banked and the crucial on-ramp from fiat currency to crypto is choked off. If you are concerned about debanking, make your voice heard – and write to your MP.
Email your MP today and call for urgent action to stop unfair debanking.
