UK Banks Face Crypto Transfer Complaints Ahead of 2027 Rules
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Stand With Crypto reports thousands of complaints over UK banks’ crypto transfer restrictions, with Lloyds and Barclays among those named.
Lloyds and Barclays are among the UK banks named in complaints about restrictions on cryptocurrency transfers, according to advocacy group Stand With Crypto.
The group reports thousands of complaints concerning bank-imposed transfer limits and bans. The restrictions have drawn scrutiny of how banks handle customers’ attempts to move money into crypto.
The complaints come as the UK prepares for a cryptocurrency regulatory regime expected in 2027, putting banks’ transfer policies in focus ahead of the new framework.
Source: Cointelegraph
