In brief
- A cross-party group of UK MPs and peers has launched a parliamentary inquiry into the banking difficulties faced by crypto and digital asset businesses.
- The Crypto and Digital Assets APPG will examine why firms struggle to open accounts and why banks restrict crypto-related payments, and whether that undermines the UK’s ambition to be a “global leader” in digital assets.
- It follows research that found UK banks blocked or delayed an estimated 40% of transfers to crypto exchanges.
A cross-party group of UK lawmakers has launched a parliamentary inquiry into the banking problems dogging the country’s crypto industry, probing why firms struggle to open accounts and why banks curb crypto-related payments.
The Crypto and Digital…
