UK Banks Dey Block Crypto Payments, E Dey Slow Down GBP Stablecoin Adoption

Big UK banks dem like Chase UK and NatWest don tighten crypto banking restriction dem, dem dey flag transactions go exchanges plus block or delay fiat deposits for about 40% of UK crypto investors, na so IG Group survey talk. Banks talk say na to stop fraud and because FCA dey watch well, e require say Virtual Asset Service Providers must register for fiat on-ramps. FCA sef don ban retail customers from using borrowed money and recently carry ban comot for crypto exchange-traded notes (ETNs). Traders dey report say liquidity full yawa and deposits no go through, so dem dey waka go crypto-friendly banks, alternative payment rails, plus peer-to-peer trading. These measures dey reduce direct on-ramps for digital assets and dey slow down GBP stablecoin adoption, wey fit make people lose confidence for sterling-pegged stablecoins. Experts talk say make people check merchant codes well, keep records of wahala, plus complain to Financial Ombudsman. People wey sabi for the industry like ex-Chancellor George Osborne dey call for clear stablecoin frameworks plus regulatory guidance to bring back on-ramp stability. If policy no clear, all these bank blocks fit make UK money waka go outside and market participation go slow. Investors make dem dey watch bank talk, try regulated payment providers, plus ready for new compliance rules.