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In its ambition to be a global crypto asset hub, the UK faces significant obstacles that threaten to impede progress in the crypto space. The dual challenge involves hurdles related to retail customer access to crypto products and the complexities surrounding companies attempting to open and maintain banking accounts within the UK. Retail Customer Access at Risk Retail customers' ability to access crypto products faces a critical challenge and a driver behind this seems to be the stringent app reporting requirements imposed by the Payment Systems Regulator (PSR). While these measures enhance risk management, they inadvertently deny potential customers access to essential financial services, creating a roadblock for crypto businesses. Banking Woes for Crypto Companies: A Stifling Effect Crypto companies in the UK encounter difficulties in opening and maintaining banking accounts, compelling many to resor
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