UK Members of Parliament (MPs) have written to the CEOs of major banks, requesting an explanation of their policy approach to cryptocurrency businesses and how the new UK Financial Conduct Authority (FCA) crypto regulatory regime (set to take effect on October 25, 2027) will alter banks' assessment of these authorized digital assets firms. The MPs noted that restricted access to banking services is one of the biggest obstacles to the growth of UK crypto and digital assets businesses, and referenced previous comments by Lucy Rigby, Economic Secretary to the Treasury, stating that the government does not want FCA-licensed crypto firms to be restricted by banking service providers solely due to their industry. This move is part of the inquiry into crypto banking access launched on July 21 by the UK Parliament's All-Party Parliamentary Group (APPG) on Crypto and Digital Assets.