The UK Treasury has called on banks to treat crypto companies fairly, as part of the government's strategy to position the UK as a global digital asset hub. A Treasury spokesperson emphasized that crypto businesses authorized by the Financial Conduct Authority (FCA) should not face discrimination or restrictions from banking services. This statement follows reports of UK banks blocking access to registered crypto services. The government has introduced crypto asset regulatory legislation to Parliament, with final rules anticipated this year to provide clarity for crypto firms investing in the UK.
UK Treasury Urges Banks to Support Crypto Firms Amid Regulatory Push
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