Banks Still Block Bitcoin Purchases, Citing Client Protection
- —UBS rejected a 1,000-franc bitcoin purchase, citing crypto risk
- —The same bank offers the client credit cards at around 12% annual interest
- —Users in Germany, the UK, France, Canada, Australia and the US reported similar blocks
- —A French client needed a large document package to transfer to a MiCA-licensed exchange
Why it matters: Bank blocks on crypto transactions limit fiat inflows to exchanges and remain a barrier to broader bitcoin adoption.
Source: BeInCrypto RU