A January 2026 survey by the UK Cryptoasset Business Council found that 40% of transactions to cryptocurrency exchanges are either blocked or delayed by UK banks.

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Standard Chartered will integrate Zodia Custody's regulated business into its Securities Services division upon completion of its acquisition of Zodia Custody

Standard Chartered's subsidiary Standard Chartered I H Limited signed definitive agreements on October 21, 2026, to acquire 100% of Zodia Custody Limited

Standard Chartered said Zodia Custody's digital asset software and professional services operations will be spun off into Zodia Solutions, a standalone entity under SC Ventures

Zodia Custody operates regulated cryptocurrency custody entities across Luxembourg, Singapore, Hong Kong, Australia, and the United Arab Emirates

Standard Chartered's acquisition of Zodia Custody Limited remains subject to regulatory approvals and customary closing conditions without disclosed financial terms

Bitcoin enables the movement of capital across borders without requiring permission from financial intermediaries

El Salvador offers citizenship to foreign applicants who make a $1,000,000 contribution in Bitcoin or Tether

CitizenX acquired Plan B Passport, an advisory company that introduced Bitcoin proof-of-funds verification for Caribbean citizenship programs

Standard Chartered originally targeted definitive acquisition agreements for June 2026 and transaction completion by August 2026 after Zodia Custody shareholders and noteholders accepted its initial non-binding proposal in May 2026

Former Zodia Custody Chief Revenue Officer Richard Clark became Chief Executive Officer in September 2026, succeeding Julian Sawyer

Craig Perrin was appointed chief executive officer of the newly created spinoff company Zodia Solutions

Monzo limits cryptocurrency transfers to £5,000 over a 30-day period, while Nationwide caps daily transfers at £1,000.

The Financial Conduct Authority opened applications for a new UK cryptocurrency regulatory regime on September 30, 2026, ahead of rules coming into force on October 25, 2027.

Stand With Crypto urged the Financial Conduct Authority and HM Treasury to clarify that sector-wide cryptocurrency blocks are not a proportionate interpretation of regulatory obligations.

The UK's incoming cryptocurrency regulatory framework does not require retail banks to process payments to cryptocurrency exchanges or grant business bank accounts to authorized firms.

Barclays and HSBC UK limit cryptocurrency transfers to £2,500 per transaction and £10,000 over a 30-day period.

Stand With Crypto called on UK banks to adopt risk-sensitive, case-by-case controls rather than sector-wide blocks on cryptocurrency transactions.

Lloyds Banking Group received the highest number of complaints regarding cryptocurrency transfer restrictions at 2,297, followed by Barclays with 1,569 and NatWest Group with 1,278.

A total of 9,803 individuals submitted 10,092 complaints to UK banks over cryptocurrency transfer restrictions between May and August 2026, according to a Stand With Crypto report.

Stand With Crypto launched a tool enabling UK customers to submit complaints against banks for blocking transfers to FCA-registered cryptocurrency platforms.