UK Economic Secretary will discuss crypto firms’ access to banks

Bim Afolami, who became U.K. Economic Secretary in November, will be available to speak to the Crypto and Digital Assets All-Party Parliamentary Group.

Jeremy Hunt, who serves as chancellor of the exchequer for the United Kingdom, said Economic Secretary Bim Afolami would be “more than happy to meet” and discuss issues related to digital assets in the country.

In a Dec. 19 session of the U.K. House of Commons, Hunt fielded a question from pro-crypto Member of Parliament Lisa Cameron, who asked whether the finance minister was willing to meet to discuss licensed crypto firms’ access to banking. Hunt said Afolami would be available to speak with the Crypto and Digital Assets All-Party Parliamentary Group.

“The U.K., and London in particular, has become the global crypto hub, but to make sure that the market really can take off in the way that was intended — in a responsible way — we need to regulate it, which is why we’ve introduced regulations for stablecoins, for promotion of crypto services,” said Hunt.

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Source: https://cointelegraph.com/news/uk-economic-secretary-discuss-crypto-banking