UK banks don't want to deal with crypto companies
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British banks are reportedly staying away from companies that handle cryptocurrencies
According to the FT, the ambition of British banks to be see as a global hub for the fast-growing fintech sector are being questioned as companies that wanted to do business in the UK are now being force to opt for other countries like Poland or Gibraltar.
According to companies working with cryptocurrencies, banks often see the new currencies as means of doing illegal business, following many reports that trade being carried out on the dark web is being done in this way. "The moment you mention crypto to a bank, it’s like you are a drug dealer," Iqbal Gandham, UK head of eToro, a social trading firm, told the paper.
