UK bank customers file over 10,000 complaints over blocked crypto transfers in 90 days, report shows
Advocacy group Stand With Crypto reported that UK bank customers filed 10,092 complaints in 90 days over blocked or restricted transfers to crypto exchanges, with Lloyds attracting the most grievances.
UK bank customers submitted 10,092 complaints over a 90-day span regarding blocked or restricted transfers directed to cryptocurrency exchanges, according to a report from advocacy group Stand With Crypto.[1][2][3]
Among UK institutions, Lloyds logged the largest share of complaints, as reported by Decrypt, even though the bank maintains no published policy that restricts cryptocurrency transfers.[2]
Crypto Briefing noted that widespread banking restrictions on crypto transfers across the UK pose significant barriers to crypto adoption, affecting both retail users and cryptocurrency exchanges.[3]
Key facts
- Stand With Crypto recorded 10,092 complaints from UK bank customers regarding blocked or restricted transfers to crypto exchanges over a 90-day period.
- Lloyds drew the most complaints of any UK bank despite having no published policy restricting cryptocurrency transfers.
- Widespread UK banking restrictions on cryptocurrency transfers present substantial barriers to adoption for both consumers and exchanges.
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LATEST: 馃彟 UK bank customers filed 10,092 complaints in 90 days over blocked or restricted transfers to crypto exchanges, according to a new report from advocacy group Stand With Crypto. https://t.co/0djo4ohx5X
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DecryptArticle 路
UK Banks Hit With 10,000 Complaints Over Blocked Crypto Transfers in 90 Days: Report Lloyds drew the most complaints despite having no published policy restricting crypto transfers, according to a Stand With Crypto report.
Open source - CB
Crypto BriefingArticle 路
Stand With Crypto logs 10,092 complaints over blocked UK crypto transfers The widespread banking restrictions on crypto transfers in the UK highlight significant barriers to crypto adoption, impacting both users and exchanges. The post Stand With Crypto logs 10,092 complaints over blocked UK crypto transfers appeared first on Crypto Briefing .
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