UK banks are blocking 40% of crypto transactions according to a UKCBC report, threatening the country's ambitions to become a global digital asset hub.

Industry groups say roughly 40% of UK crypto transactions are blocked or restricted by banks, as they push to ease restrictions.

UK banks are blocking 40% of crypto transactions according to a UKCBC report, threatening the country's ambitions to become a global digital asset hub.

Stand With Crypto UK is urging its 286,000 members to challenge bank restrictions on transfers to crypto exchanges, citing data showing 40% of transactions face blocks or limits.