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UK Crypto Payment Restrictions Draw 10,092 Campaign Submissions

Lloyds Banking Group, Barclays and NatWest Group were named in 5,144 entries. A separate UK authorization regime for crypto firms is due to begin in October 2027.

Updated 2 min read
Pedestrians pass the Palace of Westminster in London on an overcast morning. / EconoTimes.ai
Pedestrians pass the Palace of Westminster in London on an overcast morning. / EconoTimes.ai

Stand With Crypto UK said its campaign logged 10,092 submissions about bank restrictions on crypto payments, as lawmakers investigate access to financial services for the sector.

The group said 9,803 people used its online tool over 90 days in 2026. Lloyds Banking Group was named in 2,297 entries, Barclays in 1,569 and NatWest Group in 1,278. Together, the three banks accounted for 5,144 submissions, about 51% of the campaign total.

The tally counts entries made through the tool. It does not measure how many transfers banks declined or establish that each bank received every submission addressed to it.

Barclays and NatWest publish different limits on payments to crypto exchanges. Citing crypto-related scams, Barclays sets a £2,500 ceiling for each transfer and a £10,000 ceiling for each calendar month. NatWest cites scams and fraud for caps on payments it identifies as going to exchanges: £1,000 per day and £5,000 in any 30-day period.

Those policies limit how much customers can send to fund crypto accounts. The campaign figures do not show how often customers encountered the caps or why any individual payment was restricted.

The Crypto and Digital Assets All-Party Parliamentary Group (APPG) opened an inquiry July 21 into banking access for crypto businesses and restrictions on customers’ transactions. The group said difficulty obtaining banking services can affect firms’ ability to receive funds, pay staff and grow. Its work in 2022-23 also identified banking access as a barrier. The APPG plans to publish findings and recommendations after reviewing written evidence, but has set no publication date.

Separately, the Financial Conduct Authority (FCA) published final rules in June 2026 for a forthcoming crypto firm authorization regime. It began accepting applications Sept. 30. A current registration will not automatically count as authorization under the new rules. The initial application window runs through Feb. 28, 2027, with the regime scheduled to take effect Oct. 25, 2027.

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