Coinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactions
Stand With Crypto UK urged its 286,000 members to file formal complaints against British banks over blanket restrictions on crypto transactions. The group says major UK banks either block all transfers to exchanges or impose hard caps, even for FCA-registered platforms. It cites a Cryptoassets Business Council report showing banks block or delay about 40% of domestic crypto transactions, with 80% of surveyed exchanges seeing more blocks over the past year. Stand With Crypto argues these policies unfairly restrict access to a legal asset class, conflict with government policy, and may be anti-competitive as banks pursue crypto business behind the scenes. Coinbase and the group say retail crypto access is essential to the UK’s goal of becoming a digital assets and Web3 hub.
