UK lawmakers question lenders over lack of banking for the country’s crypto firms
The U.K.’s Crypto and Digital Assets All-Party Parliamentary Group asked banks to explain their approach to providing banking services to crypto and digital asset businesses.
Source: CoinDesk
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DW NOTE
British banks have been debanking crypto firms for years under the euphemism of "restrictions on crypto-related payments." Now a parliamentary group has sent a letter asking them to explain themselves. The banks will write back with boilerplate about AML compliance and risk management, and nothing will change — because the restrictions were never about risk assessment, they were about regulatory convenience dressed up as prudence.