Bank Services: Cryptoassets — Written Question

Question

Mr Angus MacDonald

Liberal Democrat — Inverness, Skye and West Ross-shire

To ask the Chancellor of the Exchequer, what recent discussions she has had with representatives of (a) the cryptoasset industry and (b) UK banks on improving access to basic banking services for legitimate blockchain and digital asset firms.

Answer

Emma Reynolds

The Government is aware that cryptoasset firms are facing challenges associated with access to banking services, and it is engaged with the sector on these matters. Whilst the Government recognises that such decisions are commercial in nature, we also exp...

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