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Stand With Crypto UK Launches Campaign Against Bank Transfers Restrictions, 40% of Exchanges Report Blocked Payments

Regulation & Policy

2026-06-10 19:14:03

According to ChainCatcher, Stand With Crypto UK launched a campaign urging banks to end restrictions on cryptocurrency exchange transfers, citing barriers to the country's digital asset adoption goals. The organization reports that approximately 40% of bank transfers to crypto exchanges are blocked or delayed, with 80% of exchanges noting increased customer friction over the past year. Some exchanges have faced nearly £1 billion in canceled transactions due to bank refusals to process transfers. Stand With Crypto UK plans to mobilize over 286,000 registered crypto advocates to file formal complaints with their respective banks, arguing users should not lose access to legitimate asset classes due to blanket industry restrictions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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