Published on December 19, 2023 17:58 GMT+00:00edited on December 19, 2023 18:01 GMT+00:00

The UK's finance minister said he will investigate claims that licensed crypto firms are having difficulty opening business accounts in the country.

On Tuesday, UK Chancellor of the Exchequer Jeremy Hunt agreed to meet with the nation's Economic Secretary of the Treasury Bim Afolami to discuss the matter. Hunt was responding to a question posed by Chair of the Crypto and Digital Assets All-Party Parliamentary Group Lisa Cameron about the difficulty being faced by licensed crypto firms in the UK.

Hunt replied that he would arrange a meeting with the UK Treasury to investigate. He also took the opportunity to say that "the UK, and London in particularly, has become the global crypto hub."

"To make sure that the crypto market really can take off in the way that was intended in a …