TechFlow News: On January 29, according to Financefeeds, the UK government recently issued clear instructions to banks and financial institutions, requiring them to provide services to cryptocurrency enterprises and customers that comply with regulatory requirements—and prohibiting them from denying basic banking services solely on the basis of their business nature. This move aims to address the long-standing “de-banking” issue facing the crypto industry and support the UK’s strategic positioning as a global fintech and digital asset hub. The government emphasized that this policy does not signify a relaxation of regulation; banks remain obligated to fulfill compliance duties such as anti-money laundering (AML), but should adopt a case-by-case assessment approach—rather than blanket bans—when handling crypto clients.
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