A crypto lobby group has reported an increase in hostility towards crypto from British banks. This development casts a shadow over the UK's ambition to be a global cryptocurrency leader, even as the regulatory process in the country moves forward. The report highlights a potential disconnect between the UK's regulatory efforts and the practical stance of its banking sector towards the crypto industry. The increased hostility from banks could present challenges for crypto companies operating in the UK and hinder the country's aspirations in the global crypto space, according to reports.

A crypto lobby group has reported an increase in hostility towards crypto from British banks. This development casts a shadow over the UK's ambition to be a global cryptocurrency leader, even as the regulatory process in the country moves forward. The report highlights a potential disconnect between the UK's regulatory efforts and the practical stance of its banking sector towards the crypto industry. The increased hostility from banks could present challenges for crypto companies operating in the UK and hinder the country's aspirations in the global crypto space, according to reports.