UK PARLIAMENTARIANS GROUP APPG QUESTIONED BANKS ABOUT THE LACK OF BANKING SERVICES FOR ENCRYPTED ENTERPRISES

THE BRITISH PARLIAMENT'S ALL-PARTY GROUP ON ENCRYPTION AND DIGITAL ASSETS (APPG) SENT LETTERS TO THE HEADS OF THE UK'S LARGEST BANKS TO QUESTION THEIR ATTITUDE TO THE LACK OF SERVICES FOR ENCRYPTED BUSINESSES. THE LETTER MENTIONED THE DIFFICULTIES ENCOUNTERED BY MANY ENCRYPTION COMPANIES IN OPENING ACCOUNTS WITH BRITISH BANKS, AND THAT MANY BANKS HAD IMPOSED RESTRICTIONS ON ENCRYPTED RELATED PAYMENTS AND TRANSACTIONS, INCLUDING HSBC, NATIONAL BANK, NATIONAL WESTMINSTER BANK, SANTANDER UK AND STAR CHAIN BANK. APPG STATED THAT THE LACK OF BANKING SERVICES COULD BE THE BIGGEST OBSTACLE TO THE GROWTH OF BRITISH ENCRYPTION AND DIGITAL ASSET ENTERPRISES AND COULD EVEN AFFECT THE SUCCESS OF THE FORTHCOMING ENCRYPTION REGULATION。