Stand With Crypto UK has launched a campaign encouraging its 286,000 members to challenge British banks that restrict transfers to cryptocurrency exchanges, arguing the measures limit access to regulated digital asset platforms.

The group cited a report from the UK Cryptoassets Business Council that found 40% of crypto transactions are blocked or restricted by UK banks, with many of the limitations affecting transfers to exchanges registered with the Financial Conduct Authority.

“Interventions should be targeted and proportionate, as broad blocks risk undermining competition and the ability of regulated firms to operate effectively in the UK,”

Said ClearBank CEO, Mark Fairless.

According to the report, one crypto exchange experienced…