UK lawmakers question lenders over lack of banking for the country’s crypto firms

60-second summary

The U.K.'s Crypto and Digital Assets All-Party Parliamentary Group is questioning lenders about their lack of banking services for the country's crypto firms. The group has asked banks to explain their approach, sparking concerns over the industry's access to traditional financial services. This move may hinder the growth of U.K.-based crypto businesses and their ability to operate efficiently.