U.K. Banks' Crypto Transfer Curbs Draw More Than 10,000 Complaints in 90 Days
JH Kim
Summary
- U.K. banks' restrictions on cryptocurrency transfers drew more than 10,000 customer complaints over a 90-day period.
- Some U.K. banks were found to have fully banned cryptocurrency transfers.
- Lloyds, Barclays and NatWest ranked among the banks receiving the most complaints.
More than 10,000 customer complaints were filed over the past 90 days over U.K. banks' restrictions on cryptocurrency transfers, and some banks were found to have imposed outright bans on such transfers.
Stand With Crypto, a cryptocurrency advocacy group, said on Oct. 20 that complaints tied to U.K. banks' limits on crypto transfers topped 10,000 during the 90-day period.
Lloyds, Barclays and NatWest ranked among the banks that received the most complaints.
The survey also classified six of the banks reviewed as fully banning crypto-related transfers.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.