Crypto Firms Face Problem Accessing UK Banking Companies, in accordance to a number of sources interviewed by Bloomberg. The few banks that also work with crypto companies are asking for extra documentation and data on how they monitor buyer transactions.
Challenges embody rejection of functions, freezing of accounts and overwhelming paperwork. Crypto companies have even complained to the Prime Minister’s authorities Rishi Sunak, whereas the state of affairs has worsened in latest weeks. This resolution goes in the wrong way of Sunak’s plans for prioritizing fintech disruption and making the UK a world crypto hub.
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