UK Parliament Questions Major Banks over Crypto Account Access

UK lawmaker group APPG questions lenders over lack of banking for the country’s crypto firms

The U.K.’s Crypto and Digital Assets All-Party Parliamentary Group asked banks to explain their approach to providing banking services to crypto and digital asset businesses.

UK Parliament questions major banks over crypto account access

UK lawmakers have asked the chief executives of every major British bank to disclose how they treat crypto businesses and related payments as Parliament examines whether banking restrictions are limiting the sector ahead of the country’s 2027 regulatory regime. The…

UK MPs Push Banks to Clarify Treatment of Authorized Crypto Companies

TL;DR UK lawmakers asked major banks to explain whether FCA-authorized crypto companies will receive fairer access to accounts, services and transaction facilities under the new regime. The FCA framework opens applications September 30, runs through February 28, 2027, and is expected to take effect October 25, 2027. The APPG is collecting evidence through August 31 on banking restrictions, sector-wide de-risking and whether current practices co…

UK Crypto Rules Won’t End the Banking Access Problem

Key Takeaways The APPG wants banks to explain access policies. FCA approval will not guarantee bank accounts. Banks retain their own financial-crime obligations. Risk assessment sits at the heart of the dispute. APPG Puts Crypto Banking Access Under Scrutiny The Crypto and Digital Assets All-Party Parliamentary Group has written to the chief executives of major UK banks asking them to explain how they provide banking services to crypto business…

Can the UK Be a Crypto Hub If Banks Still Block Digital Assets?

Major UK banks have tightened crypto rules to prevent fraud and protect consumers. New FCA crypto rules set strict standards ahead of the October 2027 launch date. Regulation loses its value if licensed crypto firms can’t access bank accounts. According to the Financial Times, UK lawmakers are warning that restrictions placed on crypto activity by banks could hold back the country’s digital asset industry. Banks like HSBC, Nationwide, NatWest, a…

UK Lawmakers Press Banks Over Crypto Debanking Before New Rules

UK lawmakers have asked major banks to explain how they treat crypto businesses and transactions. The inquiry is testing whether banking restrictions will survive the UK’s new crypto regime. Firms warn that losing basic banking access can undermine the value of becoming FCA-authorised. The APPG will accept evidence until August 31 before preparing recommendations. The Crypto and Digital Assets All-Party Parliamentary Group has written to bank le…