UK Parliament Questions Major Banks over Crypto Account Access

UK lawmaker group APPG questions lenders over lack of banking for the country’s crypto firms

The U.K.’s Crypto and Digital Assets All-Party Parliamentary Group asked banks to explain their approach to providing banking services to crypto and digital asset businesses.

UK Parliament questions major banks over crypto account access

UK lawmakers have asked the chief executives of every major British bank to disclose how they treat crypto businesses and related payments as Parliament examines whether banking restrictions are limiting the sector ahead of the country’s 2027 regulatory regime. The…

UK Banks Face Parliamentary Grilling Over Crypto Account Denials and Payment Limits

Two senior UK lawmakers wrote directly to the chief executives of major banks and financial service providers on August 11,… Read the original on UK Banks Face Parliamentary Grilling Over Crypto Account Denials and Payment Limits. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

UK Lawmakers Press Banks on Crypto Access Ahead of New Rules

U.K. lawmakers are asking major banks whether the country’s incoming crypto framework will change how they treat regulated digital asset firms. The move forms part of a wider parliamentary inquiry into whether banking restrictions are holding back the sector. Probe on Banking Barriers for Crypto Access in the UK Deepens U.K. lawmakers are stepping up […]

UK crypto access problem runs deeper than banking bias

UK lawmakers want answers from banks over crypto access, but industry executives say there could be bigger issues to solve. The UK’s crypto banking problem may not be banks refusing to serve the sector, but whether their infrastructure is ready, according to Nick Fernando, Co-founder and Director of Aqua Global. Fernando’s comments follow the All-Party Parliamentary Group on crypto and digital assets (APPG) writing to UK banks to explain their a…

UK MPs Push Banks to Clarify Treatment of Authorized Crypto Companies

TL;DR UK lawmakers asked major banks to explain whether FCA-authorized crypto companies will receive fairer access to accounts, services and transaction facilities under the new regime. The FCA framework opens applications September 30, runs through February 28, 2027, and is expected to take effect October 25, 2027. The APPG is collecting evidence through August 31 on banking restrictions, sector-wide de-risking and whether current practices co…