25% in one part of the country(?) as above you’re falling into your own trap here.
Out of the number of customers probably <1% regularly involve crypto and it seems that we’re a lot more crypto friendly than some other banks (Starling & HSBC, for example).
I think Monzo needs to make this clearer and about about it from the roof top as they have built a reputation of having accounts closed for trading/investing in crypto with personal money.
I don’t know what you’ve fallen for or if you’re trying to justify your investment but you’re miles out.
If you asked a cross selection of people I’d be surprised if you found 15 who knew what it is.
With all due respect, you have little to no idea as to the reasons we might close accounts.
We could share, but if we did then it would allow people to circumvent the rules.
I’ve never once heard somebody say “yeah, fair play I had my account closed because I was laundering funds for [insert name of organised crime gang here]”.
I’m going to stop replying now because we’re just going around in circles. At the end of the day if people aren’t confident/comfortable using Monzo for crypto then there are lots of banks out there they can use. I’m sure they’re all happy to disclose their risk appetite and financial crime rules 
Maybe my Sainsbury’s is more on the ball than the rest of the UK.
The point is Bitcoin is not something that’s just the one random person in 100. Crypto and Bitcoin terms are becoming publically known, even if they don’t know what it actually is or how it works. It’s no longer a niche market. That trend will keep building until everyone and their dog owns some. Might not be five years, or ten, but they will.
It’s not at all a contradiction for something to be both widely known and a niche market. Ferraris are widely known, but you don’t see multiple people driving them every day of the week.
Do you have stats to support this?
In some bubbles crypto will be well known. But within that a few will have dabbled and only a minority will actually use it.
I really don’t get the religion that some people have over crypto and digital currencies. They’re mostly boring, and regulation hasn’t yet caught up to be able to handle them. 
What are you thoughts on Stellar Lumen?
You must be popular if you’re stopping Sainsbury’s shoppers in their tracks and grilling them over crypto currencies ! 
Bullish but I don’t own any.
I would recommend a follow on this guy
I have no idea on the reasons nor do I pretend to. I don’t think I said anything about that either.
I’m not asking to share anything sensitive at all that could be used to game the system.
What I am saying is Monzo has no clear stance on crypto. Simple as that. I’ve been following Monzo closely for three years and your “no problem” on personal investing/trading is the first time I’ve seen a Monzo staff show this, I should add it’s contrary to my personal experience of asking on chat where they have said no it’s not allowed.
Why can’t Monzo declare in terms and conditions that investing/trading in crypto with personal money is fine?
Whilst Starling actively blocks transfers out at least it shows their stance, Monzo has got a bad crypto reputation on blocking accounts. Doesn’t matter if those blocking were valid. It’s because Monzo has nothing official, that people will just see the negative stories and think I won’t use Monzo with crypto.
Taking another stat from that same article
An estimated 11% of Americans currently hold bitcoin.
@Revels So if you found 100 random Americans inside Walmart, ~11 of the them holding. 
So there’s 1 million wallets but that’s somehow 11% of Americans?
Do you not need a wallet to keep it?
He can choose what he answers and what he doesn’t. I haven’t been rude.
All I’m asking for is Monzo to make clear it’s stance on Crypto which seems like a sensible request.
Things I have said and stand by them until someone can offer anything
Cheques are dying
Cash is dying. Out of ten transactions we had nine coin and one cashless. We are now at ~7.5 cashless. By the end of decade I personally see nine out of ten transactions cashless.
Compared to when crypto was five or ten years ago it’s a completely different beast. It’s not the 17yr in their bedroom buying it, it’s now your neighbour, it’s your postie. I’m not saying it’s mainstream at all.
Crypto will be used for transactions, I’m not saying that will be Bitcoin, there are other altcoins better suited to the task.
What they do though, if you go on chat you’ll find a clear answer or in their terms.
HSBC is a good recent example where they have changed their policy as of Jan 2021 to block transactions. It was in all the papers.
Barclays, Nationwide, NatWest/RBS, Santander, TSB, Virgin, Co-op are all fine with it.
Lloyds/Halifax fine with debit account, not with credit cards.
HSBC, Starling no dice.
The 1 million is referring to active daily wallets, not total wallets
That must have annoyed their millions of customers that have Bitcoin.
Yes this so there’s 330 million Americans and about 36 million Americans hold crypto.
We have about 67 million UK peeps, anyone have 2021 stats to hand
LOL! What?!
However after reading the article in full, not sure active daily is a suitable term. It seems to refer to the number of wallets that were active in the network on a given day, not the number of wallets that are active on a daily basis.
Also this particular stat seems to be a global stat, not US specific.