CryptoUK Says Bank Restrictions Limit UK Firms’ FCA Authorization

CryptoUK is calling for changes to UK banks’ treatment of digital-asset businesses, saying restrictions may affect which firms obtain authorization from the Financial Conduct Authority (FCA), the country’s financial regulator.

A UK parliamentary all-party group is conducting an inquiry into banking access for crypto firms. The inquiry is ongoing.

CryptoUK’s Nick Brooks has also discussed banking limitations at a webinar, describing them as an obstacle for firms seeking FCA authorization. CryptoUK has raised concerns that the barriers could weaken the UK’s competitive position in the digital-asset market.