According to Cointelegraph, the advocacy group Stand With Crypto has reported that several UK banks—including Lloyds and Barclays—are among financial institutions receiving complaints related to cryptocurrency transfers. The complaints concern limits placed on crypto transactions or outright bans imposed by banks on such activity.
The report highlights a growing number of user reports involving difficulties when attempting to send, receive, or convert digital assets through accounts held with these institutions. Stand With Crypto notes that the concerns arise ahead of an upcoming regulatory framework for cryptocurrency in the UK, scheduled to take effect in 2027.
No figures are provided for the total number of complaints or the exact number of affected customers. The group does not specify which products, services, or communication channels are involved in the reported issues. It also does not name additional banks beyond Lloyds and Barclays.
Stand With Crypto emphasizes that it is gathering input from individuals who have encountered barriers when using crypto-related functions through their bank accounts. The organization says its aim is to inform upcoming policy discussions, though it stops short of making regulatory recommendations.
