UK banks risk losing licenses for debanking customers over political views
The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views.
A July 20 report from The Times said the United Kingdom’s government is considering tighter conditions on banking permits that would seek to protect freedom of speech. A final decision is yet to be made, but the U.K. Treasury is expected to announce the new rules as soon as next week.
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