Starling Bank bans crypto transactions
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Starling Bank is no longer supporting crypto transactions for its customers following a review of its position on “financial crime”.
The challenger bank implemented the ban yesterday, sending users a notification through the Starling app.
The London-based fintech wrote on Twitter: “We always review our position in relation to financial crime. We consider crypto activity to be high-risk. We’ve taken the decision to prevent all card payments to crypto merchants and to implement further restrictions on outgoing and incoming transfers.”