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

A Stand With Crypto report says UK banks received roughly 10,000 complaints in 90 days from customers whose crypto transfers were blocked, with Lloyds drawing the most complaints despite having no published policy restricting crypto transfers. The volume of complaints highlights friction between UK retail crypto users and banks that de-risk or block transfers to exchanges. Traders should watch for regulatory or political pressure on UK banks to clarify and justify blocking policies, which could affect on-ramp access for UK-based crypto buyers.