According to Decrypt, regulators and consumer groups reported that UK banks collectively received approximately ten thousand complaints within a recent ninety‑day window concerning blocked cryptocurrency transfers. The complaints were compiled by Stand With Crypto.
Lloyds Bank accounted for the highest number of those complaints even though it has not published any policy explicitly restricting crypto transfers, the report noted.
The timing of the complaints aligns with the ninety‑day observation period covered by the analysis. No additional details on specific amounts, timelines beyond the period, or direct statements from bank officials were provided.
