UK Banks Flooded With Crypto User Complaints, Led by Lloyds and Barclays
Evidence of banks restricting services for crypto asset users keeps piling up on both sides of the Atlantic. A new report highlights the difficulties U.K. customers have faced with specific banks. Earlier this year, Stand With Crypto in the UK (SWC), a British crypto asset lobby group, gave bitcoin and other cryptocurrency users a tool […]
A new report documents a growing volume of complaints from UK crypto users about banks restricting their services, with Lloyds and Barclays named as the leading sources. The findings add to mounting evidence of debanking and service limits for crypto asset customers on both sides of the Atlantic. While this is a consumer-friction story rather than a market-moving event, persistent banking restrictions can slow retail crypto adoption and on-ramp access in a major market, a mild negative for sentiment.
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2H AGOYou’re reading thisUK Banks Flooded With Crypto User Complaints, Led by Lloyds and BarclaysBitcoin.com News · Score 35
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11H AGOCointelegraph · Score 35 · via Lloyds, UK banks
