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.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
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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Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinTelegraph. It is for informational purposes only and does not constitute investment advice.
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