U.K. Lenders Under Fire Over Lack Of Banking For Crypto Firms
Baystreet·
- A U.K. parliamentary group criticized major British commercial banks for failing to provide banking services and financing to cryptocurrency firms.
- Major lenders including Barclays, Lloyds, and Standard Chartered received a letter demanding explanations for their restrictions on crypto-related businesses.
- The British government and industry representatives warn that limited banking access creates barriers hindering the growth and investment of the domestic crypto sector.