The UK’s Crypto and Digital Assets All-Party Parliamentary Group (APPG) has initiated an inquiry into banking restrictions faced by cryptocurrency firms and consumers. The investigation aims to explore how these banking barriers impact investment, competition, and the overall growth of the crypto sector in the UK.
This inquiry follows the recent announcement of a new regulatory framework for cryptocurrencies set to come into effect in October 2027. The APPG is particularly interested in the actions of banks that have denied accounts to crypto businesses or imposed limitations on crypto-related transactions, seeking to understand the broader implications for the industry amid rising interest in digital assets.
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