UK Chancellor of the Exchequer Jeremy Hunt has agreed to listen to the problems cryptocurrency companies are having with banking in the country.
Cryptocurrency companies operating under license in the country Having difficulty opening a bank account Answering a related question, Jeremy Hunt said he would hold a meeting with the Ministry to investigate the issue.
“The United Kingdom, and London in particular, has become a global crypto hub.” said the Minister of Finance, “In order for the crypto market to develop as intended, we need to regulate it, which is why we have prepared legislation on the promotion of crypto services and stablecoins.” he added.
British Prime Minister Rishi Sunak said that they wanted to turn the country into a “global crypto center” when he was minister of finance.
Thanks to the regulations prepared in the country at that time for tokenized securities A sandbox is being set up. Thanks to the regulations that will come into force on January 8, 2024 blockchain And digital token Testing studies on technologies can be carried out.