This petition was submitted during the 2017-2019 parliament
Rejected petition Traditional U.K. Banks Are Refusing Blockchain Startups Business Bank Accounts.
Exciting new disruptive blockchain startups with FULL KYC/AML (Know Your Customer / Anti Money Laundering) Investment funding are constantly being refused business bank accounts with the traditional U.K. banks
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CurveBlock (U.K.) a Blockchain based startup within The Real Estate Development Sector has being refused a business bank account with Barclays bank “Due to the nature of Blockchain”, even though CurveBlock has KYC/AML (Know Your Customer / Anti Money Laundering) and are also seeking SEC compliance, Barclays refuse to allow a business bank account to be opened.
Traditional banks are simply hindering or killing innovation within the U.K. and forcing startups to bank outside of the U.K. WHY !!!!!!
This petition was rejected
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