UK Lawmakers Write to Bank CEOs Over Crypto Account Refusals

UK lawmakers from the APPG have written to bank CEOs demanding explanations for the refusal of crypto accounts. The lawmakers warn that limited access to banking services represents one of the single biggest barriers to growth for the sector. By questioning these specific crypto policies, the APPG aims to address the systemic challenges faced by businesses in the industry when attempting to secure essential financial services from traditional banking institutions within the United Kingdom.