Crypto purchases banned by UK bank; Huobi prohibits Chinese users from trading crypto derivatives

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One step forward, two steps back? The progress made by the crypto industry over the last couple of months is impeccable. The demand for crypto hasn't simmered down despite its recent downfall. Countries, as well as platforms across the globe, have been embracing and onboarding digital assets. Amidst this digital revolution, financial institutions like banks play a significant role. Unfortunately, while an array of banks worldwide have been putting forward crypto-friendly notions, a few others have been outrightly condemning the same. Joining the latter, a prominent British lender, TSB, announced that it would be laying out rules that prohibit its…

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