Have you tried to buy crypto from an Exchange and your bank has said no? Well you are not alone! Its seems like every bank in the UK has now placed restrictions on the purchase of crypto.

Are the banks blocking crypto to protects us, for profit, or is something else going on?

The list of banks now includes, HSBC, Barclays, Monzo, Lloyds, Santander and Metro bank. With the likes of NatWest restricting the amount you can send to exchanges. It can be easy to blame the banks and get angry at them for dictating where we send our money, but there may be bigger forces at play.

Today we will look at the commonly touted reasons for blocking crypto and also look at another reason that is not commonly discussed.

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Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional

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