Stand With Crypto UK, a Coinbase-backed advocacy group, is urging its 286,000 members to file formal complaints against British retail banks imposing blanket restrictions on cryptocurrency transactions. According to a press release, the campaign targets bank policies that block or cap customer transfers to exchanges, including those registered with the Financial Conduct Authority (FCA). Data from the U.K. Cryptoassets Business Council's "Locked Out" report reveals that British banks block or delay 40% of all domestic crypto transactions, with 80% of exchanges reporting an increase in blocked transfers over the past year. Restrictions fall into two categories: complete blocks by banks like Chase UK and Starling, and hard transfer caps by Barclays, HSBC, and others. Stand With Crypto UK argues these policies are anti-competitive, noting that some banks are exploring crypto products internally. The campaign emphasizes that such actions contradict government plans to position the U.K. as a global Web3 hub, as stated by HM Treasury in January 2026, which expects licensed crypto firms to be treated fairly.

Key facts

• Stand With Crypto UK calls on 286,000 members to file formal complaints against banks.
• British banks block or delay 40% of all domestic crypto transactions.
• Bans include complete blocks by Chase UK, Starling, and hard caps by Barclays, HSBC.
• HM Treasury in Jan 2026 stated licensed crypto firms should be treated fairly.
• Campaign argues bank policies are anti-competitive and contradict government Web3 plans.

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