Rejected petition Stop UK Banks from Blocking Cryptocurrency Withdrawals for Ordinary Citizens

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.

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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.
We urge the relevant authorities 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.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign to following petition, which calls for the same action:

Prevent banks from banning transactions with Cryptocurrency Exchanges
https://petition.parliament.uk/petitions/654841

We can also only accept petitions that include a full name.

We only reject petitions that don’t meet the petition standards.

Date submitted 15 February 2024
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