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

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.

Top comment by @Benthic

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