UK Banks Reportedly Block 40% of Payments to Crypto Platforms

The assessment is 'likely_true' with high confidence because a specific, relevant source directly attributes the 40% figure to a named industry body. The article from febspot.com explicitly states that a 'UKCBC survey says UK banks block or delay about 40% of crypto...' payments. This is further corroborated by another source described as a social media post that also mentions a survey about blocked and delayed bank transactions.While the sources reporting this statistic have low authority themselves, they are highly relevant and point to a single, consistent primary source for the claim: a survey by the UK Cryptoasset Business Council (UKCBC). The claim's plausibility is strengthened by other sources. Highly authoritative documents from the Financial Conduct Authority (FCA) explain the regulatory framework for money laundering and terrorist financing, which provides the rationale for why banks would scrutinize and block such payments. Furthermore, a news article from PaymentsJournal provides a concrete example of this practice, reporting that Barclays banned crypto transactions on its credit cards. No provided sources contradict the claim. The weakness in the evidence is the lack of a primary source document (the survey itself) and the low authority of the outlets reporting on it. However, the specificity of the claim, its attribution to a named organization, and the supporting contextual evidence from more authoritative sources make it highly likely that this statistic was indeed reported by the UKCBC.