Petition · past parliament

Stop UK Banks from Blocking Cryptocurrency Withdrawals for Ordinary Citizens

Rejected 21 signatures

What the petition asks

UK banks are blocking ordinary citizens from withdrawing funds from registered cryptocurrency exchanges to their accounts. These individuals, who have already paid taxes on their income, have invested in cryptocurrency as a means of improving their future financial situation.
This practice is not only unfair but also counterproductive. The government encourages citizens to pay capital gains tax on cryptocurrency profits; however, this becomes impossible if people cannot access their own funds.
We urge the relevant authorities to reconsider these restrictive policies and allow law-abiding citizens access to their rightfully earned money. This will promote financial inclusivity and uphold the principles of fairness that underpin our society.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign to following petition, which calls for the same action:

Prevent banks from banning transactions with Cryptocurrency Exchanges
Prevent banks from banning transactions with Cryptocurrency Exchanges

We can also only accept petitions that include a full name.

Timeline

15 Feb 2024 Petition opened for signatures
23 Feb 2024 Rejected by the Petitions Committee

Key facts

Signatures 21
Status Rejected
Rejected 23 Feb 2024

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