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UK Finance Minister to meet Crypto APPG regarding Banking Access | |
UK Finance Minister Jeremy Hunt has pledged to tackle the banking obstacles confronting crypto companies, echoing Prime Minister Rishi Sunak’s vision of positioning the UK as a leading crypto centre. Despite regulatory recognition, including of stablecoins, these firms grapple with limited access to banking services. Seeking to Bridge the Gap Between Crypto and Traditional Banking, Hunt responded to inquiries from Lisa Cameron, head of the All-Party Parliamentary Group on crypto. He affirmed his intent to explore the reasons behind the challenges faced by crypto firms in securing banking services. This dialogue involves the Economic Secretary of the Treasury, Bim Afolami, signifying a proactive effort to align the crypto sector’s needs with the traditional banking system’s reservations. UK banks have exercised caution in their dealings with crypto entities, a stance apparent in the actions of institutions like NatWest and Santander. Citing concerns over volatility and fraudulent activities, these banks have imposed various limitations, from transaction caps to outright refusal of services to crypto-related businesses. This careful approach mirrors a broader trend among financial institutions prioritizing consumer protection amid perceived risks associated with cryptocurrencies. For more details please visit our website - https://www.focusoutlook.com/uk-finance-minister-to-meet-crypto-appg-regarding-banking-access/  | |
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| Target State: New York Target City : New work city Last Update : Nov 04, 2025 4:09 AM Number of Views: 29 | Item Owner : focusoutlook Contact Email: Contact Phone: + 1 (315) 6664984 |
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USNetAds > Communities > News & Events > Item ID 133018678
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2025-11-05 (0.575 sec)