Rishi Sunak, the Prime Minister of the United Kingdom, has a grand strategy for the crypto sector but the banking institutions have some opposing ideas. As per a report published by Bloomberg, UK-based banks are restricting transfers as well as other operations related to crypto entities and exchanges. In that report, it was mentioned that Natwest and HSBC banks have limited the amount that can be transferred by the clients to crypto exchange companies. Before this, Barclays stopped transactions with Binance back in 2021. For now, the crypto sector requires fiat-based off-and-on ramps. Many executives have pointed ... (full story)