UK banks are blocking ordinary citizens from withdrawing funds from registered cryptocurrency exchanges to their accounts. These individuals, who have already paid taxes on their income, have invested in cryptocurrency as a means of improving their future financial situation. However, they are being unjustly penalized by having their accounts frozen or closed, despite not engaging in any illegal activities.

This practice is not only unfair but also counterproductive. The government encourages citizens to pay capital gains tax on cryptocurrency profits; however, this becomes impossible if people cannot access their own funds. According to the Financial Conduct Authority (FCA), an estimated 2.3 million adults in the UK had owned crypto assets as of June 2021.

We urge the relevant authorities and banking institutions to reconsider these restrictive policies and allow law-abiding citizens access to their rightfully earned money. This will promote financial inclusivity and uphold the principles of fairness that underpin our society.

Please sign this petition and stand up for the rights of ordinary UK citizens investing in cryptocurrencies.