How much do you exchange though? There seems to be some kind of hard wall at £100k in the UK, and anything more than that seems to get a personal call from a fraud investigator who demands documents proving what money was moved, where it came from, where it is going to, who it is for, and what was bought or sold with receipts etc.
Do 10 payments for £10k each, and you'll usually get the same call.
If the word bitcoin is mentioned, even once, then you'll get a letter saying "Dear Mrs X, We are withdrawing financial services from you, and your account is now closed".
This even happened on two so called "bitcoin friendly" banks...
You usually get to withdraw a reasonable amount of living expenses (for which you need to produce receipts - they let me have £100, which is nowhere near enough to live on). They said after 1 year I could have the rest back. I've got 3 months left to wait...
yeah I've heard those kind of things about UK banks
its easy to get this problem in the US but I know how to navigate it here, all of my bank statements have the transactions as listed as BTC somewhere. Coinbase tx's have BTC in the statement line item, some of my OTC exchanges do too.
Do 10 payments for £10k each, and you'll usually get the same call.
If the word bitcoin is mentioned, even once, then you'll get a letter saying "Dear Mrs X, We are withdrawing financial services from you, and your account is now closed".
This even happened on two so called "bitcoin friendly" banks...