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Wire · regulatory

UK Parliament Opens Inquiry Into Banks Blocking Crypto Payments as £1 Billion in ...

23 July 2026 · By · Wire by Fusion42

Published

23 July 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

United Kingdom

◆ Source

Read at glenbrook.com →

◆ Verified

Fusion42 · 23 July 2026 · Fusion42 review

UK Parliament has opened an inquiry into UK banks systematically blocking cryptocurrency payments, with £1 billion in transactions rejected. The investigation examines whether banks are overstepping regulatory guidance by de-risking crypto businesses entirely rather than applying proportionate controls.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

UK banks are blocking crypto payments under cover of compliance, but Parliament is forcing them to distinguish between regulation and commercial risk management. If you build financial rails for crypto in the UK, you now have political cover to demand a bank—and a regulator backing your case.

◆ Coverage

1 source · 23 Jul 2026

◆ Related on Wire

◆ Topics

Fintechbanking-deriskingcrypto-regulationmarket-accessuk-policy