{"id":78603,"date":"2026-09-24T12:44:37","date_gmt":"2026-09-24T12:44:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/british-banking-lobby-uk-finance-expels-coinbase\/"},"modified":"2026-09-24T12:44:37","modified_gmt":"2026-09-24T12:44:37","slug":"british-banking-lobby-uk-finance-expels-coinbase","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/british-banking-lobby-uk-finance-expels-coinbase\/","title":{"rendered":"British Banking Lobby UK Finance Expels Coinbase"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">UK Finance expelled Coinbase in 2026 over standalone exchange criteria.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The move signals rising bank tensions and stablecoin yield disputes.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinbase retains its right to appeal while facing U.K. crypto rules.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Membership Termination<\/h2>\n<p>In a clear sign of growing tensions between traditional banking institutions and digital asset platforms, UK Finance, a British trade association, has expelled Coinbase, a U.S. cryptocurrency exchange giant, from its membership.<\/p>\n<p>According to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-09-23\/crypto-firm-coinbase-dropped-as-member-of-uk-finance-lobby-group?utm_source=website&amp;utm_medium=share&amp;utm_campaign=twitter\" target=\"_blank\" rel=\"noopener noreferrer\">report by Bloomberg<\/a>, the lobby group sent a formal notice to Coinbase confirming its membership had been terminated following a comprehensive internal evaluation.<\/p>\n<p>The board concluded after a membership criteria review that standalone cryptocurrency exchanges do not meet the core standards for inclusion in the organization. The <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/coinbase-and-morpho-make-bitcoin-backed-loans-more-predictable\/\">crypto exchange giant Coinbase<\/a>, however, retains the right to appeal the board\u2019s determination, the report added.<\/p>\n<p>UK Finance represents roughly 300 member institutions, including major domestic retail banks, international investment houses, payment infrastructure firms and financial technology scale-ups.<\/p>\n<p>Industry analysts view the expulsion as traditional finance (TradFi) reestablishing its boundaries amid crypto\u2019s expanding political footprint and aggressive lobbying efforts across the U.S. and Europe. Furthermore, crypto firms\u2019 repeated criticism of UK legacy banks for restricting customer fiat transfers to digital asset platforms or freezing associated accounts over anti-money laundering concerns is also seen as a factor behind UK Finance\u2019s decision.<\/p>\n<h2>The Global Policy Battle Over Stablecoin Yields<\/h2>\n<p>Additionally, escalating disputes over systemic financial risks and interest yields on stablecoin holdings continue to pit traditional clearing banks against international crypto issuers. Traditional commercial banks warn that yield-bearing dollar-pegged tokens function as unregulated deposit substitutes, threatening to trigger capital flight from standard consumer savings accounts.<\/p>\n<p>Across the Atlantic, Coinbase clashed with the U.S. banking lobby, led by groups like the American Bankers Association, over proposed <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/community-banks-stall-clarity-act-over-stablecoin-rewards\/\">stablecoin yield restrictions<\/a> in the CLARITY Act. While legacy financial institutions pushed lawmakers to cap or ban issuer-paid rewards to protect retail deposit bases, <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/coinbase-ceo-presses-senate-to-pass-clarity-act-this-week\/\">Coinbase and its industry allies fought<\/a> to preserve revenue-sharing models.<\/p>\n<p>Meanwhile, news of Coinbase\u2019s removal triggered widespread discussion on social media, with many digital asset proponents viewing the move as defensive gatekeeping by incumbent banks. Others see this as an effort to block the exchange from <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/fca-clears-crypto-rulebook-but-uk-banks-can-still-block-transfers\/\">helping draft the U.K. crypto rulebook<\/a>.<\/p>\n<p>However, traditional finance observers and banking skeptics support the board\u2019s decision, emphasizing that standalone crypto exchanges operate under fundamentally different risk profiles, business models, and regulatory regimes compared to traditional banks.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/exchanges\/british-banking-lobby-uk-finance-expels-coinbase\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways UK Finance expelled Coinbase in 2026 over standalone exchange criteria. The move signals rising bank tensions and stablecoin yield disputes. Coinbase retains its right to appeal while facing U.K. crypto rules. Membership Termination In a clear sign of growing tensions between traditional banking institutions and digital [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":78604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78603"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78603"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78604"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}