UK Banks Block or Delay 40% of Crypto Transfers, Survey Finds

2026-01-27 09:52

A survey by the UK Crypto Assets Business Council reveals that UK banks are blocking or delaying 40% of customer transfers to cryptocurrency exchanges, including those regulated by the Financial Conduct Authority. The survey, reported by Finance Feeds, highlights that 80% of the top ten centralized exchanges in the UK have seen an increase in customer transfer disruptions over the past year, with no improvements reported. Major banks are imposing strict caps or outright blocking transfers and credit card payments to exchanges, affecting the crypto trading landscape.

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