Bitcoin’s Exchange Issues; Crypto Speculators In UK Struggling To “Cash Out”

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Bitcoin speculators in the UK are facing high fees for transferring their digital crypto gains into fiat currency, because digital currency exchanges are struggling to build relationships with UK based banks, the FT revealed over the weekend.

UK banks are apparently “taking a lot more time to get comfortable” when it comes to dealing with bitcoin, or cryptocurrency exchanges, than their European and US counterparts, according to Obi Nwosu, chief executive of Coinfloor, the cryptocurrency exchange. Read more