Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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UK Treasury to discuss crypto banking woes with lawmakers
2023-12-19 16:53:43
Odaily News UK Chancellor of the Exchequer Jeremy Hunt has agreed with the Treasury to discuss banking issues faced by crypto companies in the country with relevant MPs. In line with Prime Minister Rishi Sunak’s plan to make the UK a crypto hub, the UK has introduced and passed legislation that treats crypto and stablecoin accounts as regulated financial activities. Although the crypto industry has gained a new regulatory status in the country, companies are finding it difficult to interact with local banks.