A survey released on January 26, 2026 by the UK Cryptoasset Business Council (UKCBC) revealed that major UK banks blocked or delayed nearly 40% of customer payments to crypto exchanges, rejecting more than £1 billion worth of transactions. The findings were based on responses from ten of the country’s largest centralized exchanges, highlighting widespread restrictions even when customers attempted to transfer funds to regulated platforms.
The growing tension between UK banks and the crypto sector, with exchanges warning that blanket payment blocks are undermining access to digital assets. The data shows that despite the UK’s stated ambition to become a global hub for crypto innovation, banking practices remain a significant barrier for users and businesses operating in the industry.
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