News · Decrypt

UK Banks Hit With 10,000 Complaints Over Blocked Crypto Transfers in 90 Days: Report

Stand With Crypto reported that UK bank customers filed 10,092 complaints over blocked or restricted transfers to crypto exchanges within 90 days, sent by 9,803 people between May and August 2026. Lloyds Banking Group received the most with 2,297 complaints, followed by Barclays with 1,569 and NatWest Group with 1,278, while HSBC UK drew more than 1,000 without an exact figure. The report argues customers cannot reliably predict from published policies whether their transfers will go through, and urges the FCA and HM Treasury to state that sector-wide blocks are not proportionate before the UK's crypto regime takes effect next year. Banks that apply limits received 6,198 complaints, while those with outright bans received 989.

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MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/20/202683,028.15
Change that session+1.33%
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