British banks receive 10,000 complaints for blocking crypto transfers
2026-10-21 18:32:22
According to CoinMeta, British banks have received 10,092 complaints in the past 90 days regarding the blocking or restriction of cryptocurrency transfers. These complaints were submitted by 9,803 individuals through an online tool and involved transfers to cryptocurrency trading platforms registered with the Financial Conduct Authority (FCA) in the UK. The complaints came from 650 parliamentary constituencies across the UK. The report indicates that Lloyds Banking Group received the most complaints, totaling 2,297, which accounts for 22% of all complaints. Barclays Bank and NatWest Group received 1,569 and 1,278 complaints respectively. The report also mentions that six banks have imposed restrictions on cryptocurrency transfers; Barclays Bank limits each transaction to £2,500, while NatWest sets a daily limit of £1,000.
Source:Decrypt
This content is for market information only and does not constitute investment advice.
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