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UK banks making barriers to Bitcoin even harder
So tried to buy some bitcoin today. The bank blocked my account and said to contact them. Spent over 30minutes waiting, got speaking to someone who took me through a list of questions and then asked if I had ever borrowed money to buy cryptocurrency. I advised no and they said good as it is illegal to borrow money to buy crypto in the UK, I have never heard of this before and searches brings up nothing saying it's illegal. Has anyone in UK been told this before. Anyway after about 40minutes my account was unblocked so payment could be made but was advised I could not buy anymore crypto this month submitted by /u/mcshorts81 [link] [comments]
So tried to buy some bitcoin today. The bank blocked my account and said to contact them. Spent over 30minutes waiting, got speaking to someone who took me through a list of questions and then asked if I had ever borrowed money to buy cryptocurrency. I advised no and they said good as it is illegal to borrow money to buy crypto in the UK, I have never heard of this before and searches brings up nothing saying it's illegal. Has anyone in UK been told this before. Anyway after about 40minutes my account was unblocked so payment could be made but was advised I could not buy anymore crypto this month
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