The UK government has instructed banks not to deny basic banking services to cryptocurrency customers
BlockBeats News, January 29th, the UK government has explicitly instructed banks and other financial institutions that, for regulated crypto companies, basic banking services should not be denied solely for being in the crypto business. Banks should conduct a case-by-case assessment of crypto customers rather than impose a blanket ban. However, banks still need to rigorously adhere to anti-money laundering (AML) and counter-terrorist financing obligations, and regulations will not be relaxed.
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