Banking War in the UK? Parliament Launches Inquiry into Crypto Access Barriers
The UK's Crypto and Digital Assets All-Party Parliamentary Group (APPG) has officially launched an inquiry to investigate whether crypto businesses and consumers are facing systemic barriers to banking services. The probe will specifically target account access issues and restrictions on crypto-related transactions that may be hindering market participation.
This strategic move aims to assess whether current banking restrictions are proportionate or if they are actively stifling investment, competition, and broader economic growth. By gathering written submissions from banks, payment providers, and crypto firms until August 31, the parliamentary group seeks to deliver a definitive set of recommendations to bridge the gap between traditional finance and the digital asset ecosystem.
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