### The crypto industry has had a volatile year, and this has led to UK banks becoming hesitant to work with crypto companies. The few banks that are still doing business with these firms are making the process much more detailed and difficult, requesting more documentation and more details about how the firm monitors transactions.

The result is that many firms are finding their applications rejected, and those that are accepted face the potential for their accounts to be frozen.


Despite these challenges, crypto firms in the UK are not without allies. Prime Minister Rishi Sunak has been very vocal about his support for the crypto industry, and hopes to turn the UK into a global crypto hub in the future.



While the current situation may be difficult for crypto companies looking to work with banks, there is hope for the future. The UK has a government that is committed to supporting this industry, and it may be just a matter of time before the banks become more comfortable with the idea of working with these firms. In the meantime, crypto companies will need to navigate the challenging terrain and look for alternative options to help them achieve their goals.



The crypto industry has had a volatile year, and this has led to UK banks becoming hesitant to work with crypto companies. The few banks that are still doing business with these firms are making the process much more detailed and difficult, requesting more documentation and more details about how the firm monitors transactions.

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