Bitcoin Policy UK has submitted evidence to the Crypto and Digital Assets APPG (All-Party Parliamentary Group) inquiry into banking access, accusing British banks of applying blanket restrictions to lawful bitcoin activity. The group says roughly 40% of UK bank-to-exchange transfers are blocked or delayed, with no improvement in three years. It attributes the problem partly to policies that treat bitcoin, unbacked tokens and issuer-dependent stablecoins as a single category, despite the British government saying since 2023 that banks should assess activity case by case rather than restrict it by sector. A January 2025 survey found that half of the UK fintech and crypto firms surveyed had been refused a bank account or had one closed, while only 14% retained an account with one of the country’s nine largest banks. Bitcoin Policy UK has requested clearer regulatory guidance, specific rejection reasons, an appeals process, recognition of FCA (UK financial regulator) registration as a risk basis, and regular published data on banking restrictions.