Citi UK Head Says Regulators Must Review Crypto Curbs on Banks

Financial watchdogs should revisit the “prohibitive” treatment of lenders’ crypto holdings and ensure those assets aren’t forced into the shadow banking sector as the market grows, according to Citigroup Inc.’s UK country head Tiina Lee. Speaking about tensions between regulation and growth at TheCityUK’s annual conference in London on Thursday, Lee said restrictions on banks’ crypto holdings was an area where there “will be an interesting debate.”