UK’s Starling Bank Temporarily Blocks User Payments to Crypto Exchanges: Report

UK’s Starling Bank Temporarily Blocks User Payments to Crypto Exchanges: Report

U.K. challenger bank Starling has stopped its customers from sending deposits to cryptocurrency exchanges.

According to a report from The Telegraph on Saturday, Starling confirmed that it has taken the temporary measure over concerns about “high levels of suspected financial crime with such payment.”

A spokesperson told the newspaper the block would be reversed once additional checks had been put in place.