UK Parliament Opens Inquiry Into Banks Blocking Crypto Payments as £1 Billion in Transactions Gets Rejected

Startup Fortune

"The numbers are hard to argue with. Research published by the UK Cryptoasset Business Council found that roughly 40% of domestic payments to crypto exchanges are either blocked or delayed by British banks. One platform reported nearly £1 billion in rejected transactions over the course of 2025. Every single exchange surveyed said banks offer no explanation when payments are declined. Now Parliament has decided it wants answers."