PANews January 27 News, according to Finance Feeds, a new survey released by the UK Crypto Asset Business Council shows that UK banks are extensively blocking, delaying, or refusing customer transfers to cryptocurrency exchanges, even when these exchanges are regulated platforms by the UK Financial Conduct Authority. The survey estimates that about 40% of such transfer attempts are intercepted or delayed by banks.
The survey of the top ten centralized exchanges in the UK found that 80% of the exchanges reported an increase in cases where customers experienced transfer blocks or restrictions in the past 12 months, with none reporting any improvement. The report pointed out that over the past year, 80% of the surveyed exchanges saw an increase in the number of customers affected by bank restrictions, and none reported any easing of the situation. The restrictions include large commercial banks setting strict limits or outright blocking transfers and credit card payments to exchanges.
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