UK Treasury spokesperson: hopes banks will stop blocking crypto companies

PANews January 29 News, according to CoinDesk, UK officials stated that as part of the government’s ambition to make the country an international digital asset hub, they expect banks to treat all businesses fairly, including crypto service providers. A spokesperson from the UK Department for Economy and Finance said that the government has submitted crypto asset regulation legislation to Parliament, and the final rules are expected to be confirmed this year, “providing certainty for crypto businesses to invest and grow in the UK.” The UK Department for Economy and Finance spokesperson said: “We expect businesses to be treated fairly. Crypto businesses authorized by the Financial Conduct Authority (FCA) should not be discriminated against solely because of their industry. We do not want these licensed businesses to face account or transaction restrictions from banking service providers.” Previously, industry reports indicated that several UK banks still block customers from accessing legitimate registered crypto services.