Stand With Crypto UK urges complaints over banks’ restrictions on regulated exchanges

Stand With Crypto UK has intensified its campaign against bank restrictions on crypto payments, telling its 286,000 members to file formal complaints over what it says are blanket bans and limits on transfers to cryptocurrency exchanges, including FCA-authorized platforms. The group points to UK Cryptoassets Business Council data showing nearly 40% of domestic crypto transactions are blocked or delayed and says the curbs clash with the UK government’s ambition to become a digital-asset hub. HM Treasury has said it expects businesses to be treated fairly and that licensed crypto firms should not face account or transaction restrictions simply because of their sector. Banks say the controls are designed to reduce fraud and financial crime, but critics argue they are indiscriminate, apply regardless of customer risk and may also be anti-competitive as some banks build internal digital-asset teams while limiting retail access.

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