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

A Stand With Crypto report reveals that UK banks received 10,092 complaints regarding blocked crypto transfers within 90 days. Lloyds emerged as the most complained-about institution, despite lacking a published policy restricting such transactions. These widespread banking restrictions create significant barriers to crypto adoption, negatively impacting both individual users and exchanges across the United Kingdom, as highlighted in the findings released by Stand With Crypto and reported by Crypto Briefing. This trend underscores systemic friction in the sector.