Data: Venture capital flowing into UK digital asset companies in the first quarter fell 94% from the same period last year

According to Bloomberg, citing PitchBook data, venture capital investment into UK digital asset companies fell 94% to $55 million in the first quarter from a year earlier. In contrast, growth in other parts of Europe was about 31%.

Since February, major banks including HSBC and Natwest have made headlines by further restricting the amount of money that UK customers can transfer to digital asset exchanges, dealing a new blow to the battered industry. #dyor #antiscam