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EN
Lawmakers warn banks refusing crypto clients could paralyze UK market growth
['Nellius Irene', 'John Palmer', 'Glory Kaburu', 'Aamir Sheikh']
Cryptopolitan
The UK digital asset industry is preparing to welcome more regulations from October 2027.
In June, Stand With Crypto UK even mobilized its 286,000 members to challenge British retail banks over the blanket restrictions on crypto transactions.
More recently, the Parliamentary crypto and digital assets group co-chairs Lord Vaizey and Gurinder Singh Josan MP argued that banks are stunting the UK crypto boom by locking crypto companies out.
As things stand, the UK digital asset industry is preparing to welcome more regulations from October 2027.
The platform reported that 40% of UK crypto investors have had a payment blocked or delayed when trying to buy digital assets.