Petition · past parliament · HM Treasury

Prevent banks from banning transactions with Cryptocurrency Exchanges

Closed 176 signatures

What the petition asks

Some UK banks are blanket banning Crypto related transactions. They say that this is due to fraud and consumer protection, but we believe it is in order to protect their own interests. We want the Government legislate against blanket restrictions to protect the economic freedom of the population.
We want the Government to legislate to prevent blanket bans on Crypto related transactions, and instead should encourage banks to develop more appropriate risk indicators to balance both the interests of investors and the interests of those vulnerable to falling victim to a scam.

Whilst some other major economies are embracing, positively regulating and approving the trading of Crypto in traditional money markets, some UK Banking institutions are suffocating and blocking UK citizens' ability to participate.

Timeline

26 Jan 2024 Petition opened for signatures
29 May 2024 Closed to new signatures

Key facts

Signatures 176
Status Closed
Department HM Treasury
Opened 26 Jan 2024
Closed 29 May 2024

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Source: the official petition page. Last checked 15 Jul 2026.