Lloyds and Barclays face mounting pressure from crypto users as regulatory scrutiny intensifies ahead of the UK's 2027 digital asset framework.
Lloyds Banking Group and Barclays are under fire as thousands of customers report issues with crypto-related transfer limits and outright bans. The surge in complaints arrives as the UK prepares for a comprehensive regulatory framework set to take effect in 2027, heightening reputational and compliance risks for major lenders.
Customers are reporting restrictive transfer limits and outright bans on crypto-related transactions, prompting scrutiny from advocacy groups like Stand With Crypto.
The 2027 timeline marks the implementation of a new, comprehensive regulatory framework for digital assets in the UK, which is expected to standardize banking practices.