Top UK banks including Lloyds, Barclays are restricting crypto related transfers: report

A recent report has found that top UK banks received more than 10,000 customer complaints over blocked or restricted cryptocurrency related transfers, with Lloyds, Barclays and NatWest accounting for nearly half of the cases. Major UK banks received 10,092 complaints from 9,803 individuals over restrictions on transfers to FCA registered cryptocurrency platforms. Lloyds Banking Group recorded the most complaints at 2,297, followed by Barclays with 1,569 and NatWest with 1,278. Banking restrictions ranged from daily and monthly transaction limits to outright bans on crypto payments. Complaints were recorded across all 650 UK parliamentary constituencies, prompting calls for clearer banking policies and individual assessments of crypto transactions.

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