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UK banks face 10,000 complaints in 3 months over crypto restrictions

Advocacy group Stand With Crypto recorded 10,092 complaints from 9,800 individuals about UK bank restrictions on crypto transactions over a 90-day period. Lloyds Banking Group drew the most complaints with 2,297 (23%), followed by Barclays with 1,569 and NatWest with 1,278. The data is voluntary, not adjusted for market share, and not representative of all customers. Stand With Crypto argues blanket bans, rigid limits and unclear policies could impede access to regulated exchanges and undermine the UK’s goal of becoming a global crypto hub. Katie Harries of Coinbase cited research by the UK Cryptoasset Business Council showing 40% of attempted transfers to FCA-registered exchanges were blocked or delayed over the preceding 12 months, and banks with published limits accounted for 61% of complaints.

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