According to ME News, on October 26 (UTC+8), the cryptocurrency advocacy group Stand With Crypto (SWC) reported that between May and August this year, UK consumers submitted 10,092 complaints via their online tool regarding banks restricting cryptocurrency purchases, affecting 9,800 users across all 650 parliamentary constituencies in the UK. Lloyds Banking Group (including Halifax and Bank of Scotland) received 2,297 complaints, accounting for approximately 23% of the total; Barclays and NatWest Group received 1,569 and 1,278 complaints, respectively.
However, SWC also emphasized that these complaints come from consumers who actively used its online tool, not from a representative survey of bank customers, and therefore cannot be used directly to determine the complaint rates of individual banks. The report noted that some banks have established clear limits on cryptocurrency transfers, while others, including Chase, Starling, and TSB, were listed as institutions that fully prohibit such transactions. (Source: PANews)
Over 9,800 UK users complain about bank restrictions on crypto transfers.
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Summary
On-chain data reveals that over 9,800 UK users filed complaints regarding bank restrictions on crypto transfers between May and August. Stand With Crypto recorded a total of 10,092 complaints, with Lloyd’s Banking Group receiving 2,297 (23%), Barclays 1,569, and NatWest 1,278. These reports originate from active users of SWC’s online tool. Chase, Starling, and TSB fully block such transactions. Crypto news underscores the escalating tension between banks and crypto users across all 650 UK constituencies.
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