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The UK government requires banks not to deprive crypto customers of their basic banking services.
Mars Finance reports that on January 29, the UK government explicitly instructed banks and other financial institutions that, for crypto companies meeting regulatory requirements, basic banking services should not be denied solely because they are engaged in crypto activities. Banks should conduct individual assessments of crypto clients rather than imposing a blanket ban. However, banks must still strictly adhere to anti-money laundering (AML) and counter-terrorism financing obligations, and regulation will not be relaxed.