Bitcoin holders prohibited from depositing profits in UK banks

According to a report published by the Times of London, Sunday January 10, 2021, Bitcoin has surged to record highs this week but anyone who wants to take profits might struggle to cash in their gains.

The Times also reported that some banks will not accept transfers from bitcoin exchanges.

HSBC, one of the biggest banks in the UK country, does not process cryptocurrency payments or allow customers to bank money from digital wallets. While other leading banks will accept transfers from digital wallets to current accounts, many will not allow customers to use their credit cards to buy or sell bitcoin.