The UK government has instructed banks to provide services to crypto customers.

According to Foresight News , citing Finance Feeds, the UK government has instructed banks and other financial institutions to ensure they provide services to cryptocurrency businesses and customers. Government officials emphasized that compliant crypto companies should not be denied basic banking services solely because of the nature of their business. This move aims to address the long-standing issue of de-banking and reduce obstacles to legitimate crypto activities. Simultaneously, the UK government hopes to establish itself as a leading global fintech and digital asset hub by improving banking access. However, the UK government stressed that banks must still fulfill their anti-money laundering and counter-terrorism financing obligations and continuously monitor the risks of digital assets.