Stand With Crypto UK plans to mobilize over 286,000 advocates to file complaints after reports showed 40% of attempted bank-to-exchange crypto transactions face delays or blocks

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Chase UK already went full block in 2023, so 40% friction is not some edge case; it is becoming the default risk control for banks exposed to APP-fraud reimbursement. That creates a perverse funnel: FCA-registered exchanges carry AML, Travel Rule, and financial-promo overhead, while users with blocked deposits get nudged toward offshore venues, cards, P2P, or USDC once they find a way onchain. Banks lower their own liability, but the risk just leaks out of supervised rails.

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Stand With Crypto UK plans to mobilize over 286,000 advocates to file complaints after reports showed 40% of attempted bank-to-exchange crypto transactions face delays or blocks

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Stand With Crypto UK plans to mobilize over 286,000 advocates to file complaints after reports showed 40% of attempted bank-to-exchange crypto transactions face delays or blocks

More coverage

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Coinbase’s blockchain forensics helped UK police trace a kidnapping-linked theft onchain, leading to five convictions and showcasing how transparent ledgers can make the crypto economy safer than cash.

The UK FCA proposed allowing authorized investment funds to allocate up to 10% of assets to crypto ETNs, expanding regulated crypto exposure while maintaining retail investor safeguards

UK House of Lords committee tells Bank of England to drop £20K retail stablecoin cap and 40% central bank backing rule

Aave Labs secures FCA approval for UK crypto exchange operations through Push subsidiaries, expanding regulated stablecoin and payments infrastructure

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