🚨 UK crypto advocates campaign against bank transfer limits as regulators debate access to regulated exchanges 🚨
Stand With Crypto UK is pressuring British banks to stop blocking transfers to crypto exchanges, arguing that broad restrictions are shutting users out of regulated digital asset platforms. The campaign comes as the UK’s crypto policy debate shifts from consumer protection toward access, competition, and banking fairness.
🔑 Key highlights:
🔹️ Stand With Crypto UK is urging its 286,000 members to challenge bank restrictions on transfers to crypto exchanges.
🔹️ The group cites a UK Cryptoassets Business Council report saying 40% of crypto transactions are blocked or restricted by UK banks.
🔹️ One exchange reportedly had nearly £1 billion in declined transactions over a one-year period due to bank-side rejections.
🔹️ 80% of surveyed platforms said blocked or restricted transfers have increased.
🔹️ ClearBank’s CEO said banks should use a risk-based approach rather than broad sector-wide limits.
🎯 Bottom Line: UK crypto advocates are pushing back against bank-imposed transfer limits, arguing the restrictions hurt access to regulated exchanges and competition.
https://www.cryptobreaking.com/campaign-against-bank-crypto-limits/