‘One of the single biggest barriers to growth’: UK lawmakers press banks over crypto access ahead of new FCA regime
60-second summary
UK lawmakers are pressing banks to explain how the upcoming FCA crypto regime will impact their policies toward digital asset firms, citing one of the single biggest barriers to growth. The inquiry aims to gauge banks' preparedness for the new regulations, with 16 banks and crypto companies receiving letters requesting detailed responses.
UK lawmakers have asked banks to explain how the new FCA crypto regime may change their policies toward digital asset firms.