UK Finance response to letter sent which called for support in ensuring clear pathways for regulated companies to access fundamental banking services
  • CryptoUK
  • 29 November, 2023

In response to the letter sent by the Chair of the Crypto and Digital Assets All-Party Parliamentary Group (APPG) Dr. Lisa Cameron to UK Finance Regarding Access to Bank Accounts and Services for UK Crypto Businesses, UK Finance have written in response.

The response from David Postings Chief Executive, UK Finance notes that as an organisation, they are ‘not able to set members’ risk appetite’  but that ‘it is also important to distinguish that the problem is wider than the inherent characteristics of crypto with its potential volatility, its ease of disbursement and its immature regulations’.

You can view the response from UK Finance here