UK lawmakers are launching a major probe into why banks are blocking or delaying crypto transactions, questioning whether these restrictions are justified or just stifling innovation. Led by the Crypto and Digital Assets All-Party Parliamentary Group, the inquiry seeks input from banks, crypto firms, and payment providers before August, aiming to assess if current banking hurdles are hurting investment, growth, and competitiveness in the UK — especially as the nation’s financial watchdog prepares to open applications for crypto firm licenses.
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