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Traditional U.K. Banks Are Refusing Blockchain Startups Business Bank Accounts.

Submitted on Tuesday 23rd October 2018

Rejected on Thursday 1st November 2018

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Traditional U.K. Banks Are Refusing Blockchain Startups Business Bank Accounts.

Petition Details

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

Additional Information

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 !!!!!!


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This petition was rejected

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