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Topic
Board Exchanges
Re: 2017 Bitcoin Debit Card Reviews
by
gentlemand
on 03/04/2018, 17:52:04 UTC
I'm surprised about what you say regarding UK? Really?
This is news to me, and a bit weird.
Are you already out of the EU?  Grin Grin Grin Grin

Banking has been effectively closed to crypto in the UK since it started. Coinfloor, perhaps the only big ish UK exchange, has to bank in Poland. Coinbase sends from Estonia.
 
No way could any business keep or maintain an account. Previous attempts at exchanges like Intersango just lied to the bank until they were found out. I'd love to know how much less dismal the scene here would be if banking had been available.

Loads of people have reported having their accounts closed due to seemingly innocuous crypto dealings. I think most of the time they were doing masses of LBC trade and weren't telling the bank. It's the unauthorised business use and money laundering bit they don't like rather than crypto, but you never know.

It's just started to change with Coinbase being the first operation to access the faster payments network in a few weeks. Dunno how long it'll survive though.

We ain't out of Europe yet. I'm not too sure how far we were ever in it.