Quoted from questions-statements.parliament.uk on May 12th, 2025
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that banks apply case-by-case assessments to banking services for (a) crypto asset businesses and (b) their customers; and whether she plans to have discussions with (i) the industry and (ii) regulators on crypto-related banking practices.
Analysis on Stance
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The question advocates for fair banking access for crypto asset businesses and their customers, urging banks to avoid blanket restrictions and instead assess each case individually. It also calls for dialogue between the government, industry, and regulators on crypto-related banking practices, reflecting a supportive approach to integrating crypto into the financial system.