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Bitcoin professionals face repeated debanking in the U.K., Joe Nakamoto notes

Bitcoin professionals face repeated debanking in the U.K., Joe Nakamoto notes
Bitcoin pros face U.K. banking hurdles

Joe Nakamoto, bitcoin journalist at Self-employed, reports ongoing challenges for professionals working in the bitcoin space in the U.K.

He details being debanked three times over five years, incurring about £400 in costs and losing significant work hours after using Wise. Nakamoto followed Freddie New's advice and wrote to U.K. parliament, describing the recurring debanking as a scandal.

Nakamoto has previously pointed out the lack of mainstream media coverage on security incidents, noting only crypto-specific reporting in the case of the recent cold card hack. In another report, he said that bear markets tend to impact dedicated bitcoiners more severely, compared to casual exchange and ETF investors who face less pressure. These observations frame the ongoing practical and reputational hurdles for bitcoin professionals in the U.K.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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