CoinDesk·3 min read·medium
UK Parliament begins inquiry into banking chokepoint for crypto businesses
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Ian Allison
✦AI Summary
The UK’s Crypto and Digital Assets All-Party Parliamentary Group has launched an inquiry into the systemic difficulties crypto businesses face when attempting to access banking services. The investigation will examine how banks apply transaction restrictions and account denials to determine their impact on innovation and market competition.
The UK’s Crypto and Digital Assets All-Party Parliamentary Group (APPG) is chaired by Lord Vaizey of Didcot, the former UK Government Minister for the Digital Economy, and Labour MP Gurinder Singh Josan CBE, according to a press release.
politicsbusinesscryptoeconomy
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