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.
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
Follow this petition
Sign in to get an email when the government responds, a debate is scheduled or held, or the petition closes.
Source: the official petition page. Last checked 15 Jul 2026.