A LinkedIn post circulating online claims that Wise hasbegun blocking payroll payments sent by Coinbase to employees holding Wiseaccounts in the UK. The post states that the action has disrupted employees’finances and describes it as “anti-competitive.” It also notes that Coinbase isan authorised electronic money institution under UK law and argues that itshould not face payment restrictions.Finance Magnates has contacted both companies for comment.The claims could not be independently verified. As of publication, Wise has notissued a statement, while Coinbase confirmed that the LinkedIn post can becited but provided no further comment.Policy Allows Crypto-Related RestrictionsWise’s publicly available Acceptable Use Policy states thatthe company does not allow customers to use its services to buy, sell, or tradecryptocurrencies directly. The policy also notes that the firm may reject orreturn payments involving crypto businesses, depending on internal complianceand risk assessments.Wise is authorised by the UK Financial Conduct Authority(FCA) as an electronic money institution. Coinbase’s UK entity is alsoregistered with the FCA under the Money Laundering Regulations.While Wise’s policy restricts certain crypto-relatedtransactions, it does not explicitly state that salary payments from regulatedcrypto firms are automatically blocked. Individual decisions may depend ontransaction details and internal controls.Wider UK Banking FrictionThe claims come amid broader tensions between crypto firmsand UK banks and payment providers. Several banks in the UK have introducedlimits or blocks on transfers to crypto exchanges in recent years, citing fraudrisks and compliance obligations. Industry bodies have argued that suchmeasures create operational challenges for regulated firms and undermine theUK’s ambition to become a digital asset hub.Government officials have previously called for a balancedapproach that supports innovation while maintaining financial stability andconsumer protection.This article was written by Tareq Sikder at www.financemagnates.com.