Survey: UK banks blocked or delayed 40% of cryptocurrency transfers.

PANews reported on January 27th that, according to Finance Feeds, a new survey released by the UK Crypto Assets Business Council reveals that UK banks are massively blocking, delaying, or rejecting customer transfers to cryptocurrency exchanges, even those regulated by the UK Financial Conduct Authority. The survey estimates that approximately 40% of such transfer attempts are blocked or delayed by banks.

A survey of the UK's top ten centralized exchanges found that 80% of the exchanges reported an increase in customer transfer disruptions or restrictions over the past 12 months, with none reporting any improvement. The report indicated that over the past year, 80% of the surveyed exchanges reported an increase in the number of customers experiencing bank restrictions, with none reporting any relief. These restrictions included strict caps or outright blocking of transfers and credit card payments to exchanges by major commercial banks.