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

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Zodia Custody obtained a payment institution license in Luxembourg in June 2026, enabling regulated stablecoin custody and transfer services across the European Union

Standard Chartered announced plans in October 2026 to launch institutional cryptocurrency custody services in Singapore by the end of 2026

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

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

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.

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.

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.

British lawmakers in the All-Party Parliamentary Group questioned major UK banks in August 2026 regarding excessive restrictions on cryptocurrency accounts and payments.

Six UK banking providers, including Starling Bank, TSB, Chase UK, Metro Bank, Virgin Money, and The Co-operative Bank, maintain outright bans on cryptocurrency transfers.

Lloyds Banking Group and Revolut have no published policies restricting cryptocurrency transfers, despite receiving customer complaints over declined transfers.

The Zcash Foundation partnered with Project 11 as a design partner for the Strongpoint institutional custody platform

Project 11 developed Strongpoint as an institutional custody platform designed for migration to post-quantum cryptography

HSBC UK received over 1,000 customer complaints over cryptocurrency transfer restrictions during the 90-day period between May and August 2026.

Complaints regarding UK bank cryptocurrency transfer restrictions were recorded across all 650 UK parliamentary constituencies.

NatWest limits cryptocurrency transfers to £1,000 per day and £5,000 over 30 days, while Santander caps individual transactions at £1,000 and monthly transfers at £3,000.