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UK banks block or delay 40% of crypto transfers
A survey conducted by the UK Cryptoassets Business Council (UKCBC) among ten UK cryptocurrency exchanges found that 40% of transactions from bank accounts to crypto exchanges are either blocked or delayed by banks. The survey, titled “Blocked: Debanking Support for the UK’s Digital Assets Economy,” is based on responses from the UK’s 10 largest centralized exchanges, which collectively serve millions of British consumers and have processed transactions worth hundreds of billions of pounds. The goal of the study was to replace anecdotal evidence with concrete data on how current banking practices affect the ... (full story)
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