UK Inquiry Probes Banking Barriers Facing Crypto Firms

The inquiry will assess whether limits on accounts and crypto-linked transactions are proportionate and harming investment, competition and growth.

UK Inquiry Probes Banking Barriers Facing Crypto Firms

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Written by

Ezra Reguerra

staff writer

Reviewed by

Yohan Yun

staff editor

Written by

Ezra Reguerra

staff writer

Reviewed by

Yohan Yun

staff editor

UK parliamentary group probes banking barriers for crypto firms

Latest News

Published

Jul 21, 2026

A UK parliamentary group launched an inquiry into banking restrictions on crypto firms and consumers, including their impact on investment and competition.

A United Kingdom parliamentary group has launched an inquiry into whether crypto businesses and consumers face barriers to banking services, including account access and restrictions on crypto-related transactions.

On Monday, the Crypto and Digital Assets All-Party Parliamentary Group (APPG)

said

that it would examine how the restrictions affect investment, competition and economic growth. The group said it would assess whether the restrictions are proportionate.

Written submissions from banks, payment providers, crypto firms and other stakeholders are open until Aug. 31, after which the group plans to publish its findings and recommendations.

A January

survey

by the UK Cryptoasset Business Council found that 10 crypto exchanges said banks blocked or delayed 40% of transactions to crypto platforms. According to the survey, 70% of respondents said the restrictions had reduced their willingness to invest, expand or hire in the UK.

The inquiry comes ahead of the Financial Conduct Authority beginning to accept authorization applications from crypto firms on Sept. 30.

Related:

London Stock Exchange eyes overnight trading launch in 2027: FT

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