UK crypto ‘debanking’ is getting worse, lobby group warns in damning report – DL News
- Lobby group says UK crypto debanking is getting worse.
- 80% of customers reported having bank transfers to crypto exchanges blocked or limited.
- One exchange observed close to £1 billion in declined transactions.
The UK Cryptoasset Business Council is calling for clearer regulatory guidance after it found a sharp rise in crypto exchange customers experiencing blocked or limited transfers over the past year.
The group, which lobbies the government on behalf of UK crypto companies, surveyed the UK’s ten largest crypto exchanges, including Coinbase, Kraken, OKX, and Gemini.
80% of respondents said an increasing number of their customers reported having bank transfers blocked or limited, while 70% said the UK banking environment is becoming…
