The UK crypto advocacy group Stand With Crypto UK has launched a campaign urging banks to lift restrictions on transfers to cryptocurrency exchanges. The organization cited a report from the UK Cryptoassets Business Council, which states that approximately 40% of transactions initiated from UK banks to crypto exchanges are blocked or delayed. Additionally, 80% of exchanges reported a significant increase in user transaction obstacles over the past year, with some exchanges seeing nearly £1 billion worth of transactions canceled within a year due to banks refusing to process them. Stand With Crypto UK believes these restrictions are hindering the UK's goal of becoming a global digital asset hub and plans to mobilize over 286,000 registered supporters to file formal complaints with banks. (The Block) https://(wublock123.com)/news/uk-crypto-industry-says-40-percent-exchange-transfers-blocked-delayed-62566