The UK cryptocurrency industry advocacy organization Stand With Crypto UK has launched a campaign, calling on banks to remove restrictions on transfers to cryptocurrency exchanges. The organization cited a report from the UK Cryptoassets Business Council stating that approximately 40% of transactions initiated from UK banks to cryptocurrency exchanges are intercepted or delayed, and 80% of exchanges reported a significant increase in user transaction resistance over the past year. Some exchanges have canceled nearly £1 billion worth of transactions within a year due to banks refusing to process them. Stand With Crypto UK believes that such restrictions are hindering the UK's goal of becoming a global digital asset hub and plans to mobilize over 286k registered supporters to submit formal complaints to banks. (The Block)