UK Banks Actively Unbanking Crypto Clients Despite Government Support

UK banks are "actively unbanking people, not just companies" over their decision to buy "crypto assets that are perfectly legal," according to Circle's European policy lead. While there is no evidence of a UK bank shuttering a customer's account altogether on account of crypto usage, there are several recorded instances of users facing temporary freezes on their accounts when trying to buy crypto. Banks have publicly detailed their policies, which include limits on how much can be transferred at once, and even blanket bans on transfers into crypto.