PANews|Jun 11, 2026 00:10
[UK Crypto Advocacy Group: 'One-Size-Fits-All' Bank Restrictions Block 40% of Crypto Transactions, Calls for Removal of Restrictions]
According to The Block, the UK crypto advocacy group Stand With Crypto has launched a campaign urging banks to lift restrictions on transfers to cryptocurrency exchanges. The organization cited a report stating that approximately 40% of crypto transactions involving UK banks are blocked or delayed, with 80% of exchanges reporting a significant increase in customer friction. One exchange reported nearly $1.3 billion in canceled transactions within a single year due to bank refusals. Stand With Crypto UK has mobilized over 286,000 registered advocates to file complaints with banks, arguing that banks are imposing 'one-size-fits-all' restrictions even on compliant exchanges registered with the FCA. The group's director stated that consumers should be treated as individuals rather than subjected to blanket policies.
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