KEY POINTS
- UK banks’ reaction to cryptocurrency issues is reportedly “more acute” than that of EU banks
- HSBC and Nationwide recently applied limits to debit purchases of crypto assets
- Prime Minister Rishi Sunak previously said he wanted the UK to become a global crypto hub
Cryptocurrency firms are facing multiple challenges in the United Kingdom as British banks have reportedly required more documentation and other related requirements before allowing companies access to their banking services.
The British government previously expressed hopes to turn the country into a “global” cryptocurrency hub.
“There aren’t many options available — most traditional banks won’t

