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🇬🇧 British banks block or delay 40% of crypto transfers
📉 A survey by the British Crypto-Assets Council (UKCBC) showed that transfers between bank accounts and crypto exchanges are often blocked, delayed, or rejected, even when using regulated platforms.
8 out of 10 surveyed crypto exchanges reported a significant increase over the past 12 months in the number of clients facing blocked or restricted transfers, with none reporting a decrease.
➡️ Typically, banks do not provide clear explanations for payment blocks or account restrictions.
➡️ One of the leading British crypto platforms recorded about £1 billion in rejected transactions over the past year, related to payment refusals and transfers through the OpenBanking system.
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