TLDR Tech / Crypto
UK parliamentary group launches probe into crypto sector banking
The UK's Crypto and Digital Assets All-Party Parliamentary Group launched an inquiry into banking access difficulties faced by crypto businesses, inviting written evidence through August 31 and comparing approaches in the US, Hong Kong, Australia, and the EU. The probe follows the UK's new crypto regulatory framework, set to take effect on October 25, 2027, and coincides with Labour's Andy Burnham taking office as prime minister after scrapping the previous government's digital ID scheme.
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