Faster global financial news!
UK lawmakers press banks on crypto firms’ access to banking services, calling it “one of the biggest barriers to growth,” and ask how new FCA regulatory regime will change bank policies.
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.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Google will launch its first AI chip satellite next week via SpaceX, equipped with its self-developed Trillium TPU chip, but it will require a 15-minute shutdown for cooling after each 15-minute operation.
-
2
The Value Basis and Long-Term Investment Potential of Cryptocurrencies: Opportunities and Risks Coexist
-
3
Lookonchain updates: Bitget hack involved $157.48M XRP, $85.75M ETH, $34.75M USDT, and $21.05M USDC among other stolen assets
-
4
Analysis of EOS Project Status: Has the Core Team "Exit Scammed"? What are the Future Development Prospects?
-
5
Understanding Maker and Taker Mechanisms on Cryptocurrency Exchanges
-
6
Brent crude oil rose over 3% on Thursday, breaking above $106 per barrel, after Yemen's Houthi rebels claimed attacks on Saudi facilities.
-
7
Ethereum Staking Surpasses 41 Million ETH, Network Security and Economic Model Continue to Evolve
-
8
Bitget's security team confirmed a backend system intrusion, with forged transfers triggering an outflow of funds; the CEO stated losses exceeded $300 million, possibly linked to North Korean hackers.
-
9
Conflux (CFX) Token Analysis: Technology, Ecosystem, and Investment Considerations
-
10
Cryptocurrency Deposit Speed and Analysis of the Top 10 Global Exchanges
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
