UK Parliament Launches Inquiry into Access to Banking Services for Crypto Firms
The Treasury Committee of the UK Parliament has opened an investigation into obstacles facing crypto firms in obtaining banking services, inviting industry, regulators and banks to provide testimony.
Inquiry Launched
The Treasury Committee of the UK Parliament this week announced a formal investigation into the difficulties crypto firms face in accessing banking services.
Focus of Inquiry
The inquiry will examine the reasons banks refuse or restrict account openings for crypto companies, and the impact on the competitiveness of the UK crypto industry. The Committee plans to invite industry representatives, regulators, and bank executives to provide testimony, focusing on whether there is “de-banking” behavior and the compliance considerations behind it. Compliant operations in scenarios such as crypto payments and stablecoin settlement rely on unimpeded banking service channels.
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-07-21
- Last updated
- 2026-08-01
- Source material
- Source not labeled
