Firms can do everything right on compliance and still be shut out of FCA authorisation because no bank will take them on. That leaves banks, not the regulator, deciding who gets into the UK market. If the UK wants to compete, this needs fixing.
Banks should not have the power to decide which digital asset firms can become regulated in the UK.
In our recent webinar, @nickbrooks highlights how banking restrictions are creating significant barriers for firms seeking FCA authorisation, threatening the UK's competitiveness.
These challenges are at the heart of the @cryptoappg's parliamentary inquiry into banking access, which has gathered industry evidence on the barriers facing the sector.
Tomorrow, we're continuing this important conversation in London.
We're delighted to welcome Gurinder Singh Josan MP (@gsjosan), Co-Chair of the APPG, to our joint networking event with @DigitalChamber, featuring two panels on the political and regulatory priorities facing the sector, and what a competitive UK crypto market should look like in 2027.
Want to join us? We have a handful of places left: luma.com/cryptouk-36w1View quoted post on X
