The co-chairs of the UK Parliament’s Crypto and Digital Assets All-Party Parliamentary Group (APPG) wrote to the chief executives of all major UK banks on 11 August 2026, demanding a formal account of their approach to serving licensed crypto and digital asset businesses. The letter, signed by Gurinder Singh Josan CBE MP and Lord Vaizey of Didcot, marks the most direct parliamentary intervention yet in what has become a persistent structural tension between the UK’s traditional banking sector and its emerging digital asset industry.

The questions put to bank CEOs

The APPG’s letter poses six specific questions covering whether banks hold policies on serving crypto firms, what restrictions exist on crypto-related transactions for…