Coinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactions

FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCoinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactionsStand With Crypto UK is telling its members to file formal complaints with high-street banks over sector-wide transfer bans.By Olivier Acuna|Edited by Nikhilesh De Jun 10, 2026, 5:53 p.m. 3 min readMake preferred on What to know: Stand With Crypto UK, a Coinbase-backed group, has launched a nationwide campaign urging its 286,000 members to file formal complaints against British banks over blanket restrictions on crypto transactions.The group cites data showing that U.K. banks block or delay about 40% of domestic crypto transfers and either fully block or strictly cap payments to exchanges, even those authorized by the Financial Conduct Authority.Advocates argue that these policies contradict U.K. payment rules and the government’s stated ambition to become a global digital-assets hub, and say banks are unfairly limiting retail access while developing their own crypto offerings.The Coinbase-backed group Stand With Crypto UK called on its 286,000 members to file formal complaints against British retail banks over blanket restrictions on crypto transactions, it announced Wednesday.The campaign is a demonstration against country-wide bank rules that block or cap customer transfers to exchanges, including those registered with the Financial Conduct Authority (FCA), the group said in a press release. Around 8% of UK adults hold cryptoassets, according to FCA research.Stand With Crypto based its campaign on data from the U.K. Cryptoassets Business Council’s "Locked Out" report from January 2026. The report surveyed 10 exchanges: Coinbase, Kraken, Uphold, Xapo Bank, Zumo, Wirex, OKX, Luno, Bitpanda and Gemini.A day after that report went out, a spokesperson for the HM Treasury, the country's economic and finance ministry, told CoinDesk that government officials expected banks to treat …

Coinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactions

Coins in this story

Related stories

Netomi CEO says $5 trillion AI customer experience market could boost stablecoin demand

Kalshi now requires users to reveal employers as it fights insider trading and market manipulation

Mastercard prepares for a future where AI agents make payments