Main page News, Cryptocurrency Exchanges

HSBC, the largest bank in the UK, is blocking money transfers to crypto exchanges, The Sunday Times reports. As a result, residents in the country will have to find alternatives to convert their funds to fiat money. BlockWorksGroup founder Jason Yanowitz said:

"Legacy financial institutions will do everything in their power to stop this movement. They’re literally denying their customers access to the greatest performing asset of the past decade."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

UK and US banks that process crypto-related payments do not always allow credit cards to be used.

Let's remember that on January 6 a new law came into force in the UK prohibiting the sale of crypto derivatives to retail investors.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.