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Evening Standard
Evening Standard
Business
Simon English

Bank angers City with 9% leap in fees for crypto

Crypto City Bank of England

Bank of England governor Andrew Bailey

(Picture: PA)

THE Bank of England is asking City firms for a 9% rise in fees this year so it can pay to look into new risks such as cryptocurrencies.

That £24.3 million rise to £321 million is likely to be greeted with anger by some in the City, which has seen a sharp slowdown in business since the start of the Ukraine war.

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