British cross-party group APPG writes to major banks, requesting clarification on policies for crypto companies to open accounts
2026-08-13 11:48:36
According to CoinMeta, a cross-party group on crypto and digital assets in the UK has written to major banks such as HSBC, NatWest, Santander UK, Starling, and others, requesting clarification on their specific policies regarding account opening, payments, and transfers for crypto companies. Members of parliament stated that restricted banking services are becoming one of the main obstacles to the expansion of the UK's crypto industry and argued that banks should conduct reviews based on the individual risk profiles of companies, rather than imposing uniform restrictions simply because they are engaged in crypto business. The survey will collect industry opinions by August 31 and plans to submit policy recommendations to the government.
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Source:Internet
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