Crypto News: UK Lawmakers Probe Banks Over Crypto Payment Limits
Key Insights
- Crypto News inquiry examined banking access barriers facing UK digital asset firms.
- Lawmakers sought evidence on blocked transfers, limits, and account closures.
- Written submissions remained open until Aug. 31, 2026.
The UK Crypto and Digital Assets All-Party Parliamentary Group opened a banking inquiry on July 21, 2026. The review examined account access and crypto payments restrictions affecting businesses and consumers.
The inquiry came as Britain prepared to implement broader crypto regulations. Lawmakers sought evidence on whether banking controls remained proportionate to fraud and financial crime risks.
Crypto News Inquiry Targets Banking Restrictions
The parliamentary group requested evidence from banks, payment providers, fintech companies, crypto firms, academics, and consumer organizations. Submissions remained open for six weeks, ending Aug. 31.
The APPG said some businesses had struggled to open or retain bank accounts. Other firms reported problems accessing merchant services, payment systems, insurance, and related professional support.
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