UK’s Starling Bank Temporarily Blocks User Payments to Crypto Exchanges: Report
- Date: 31-May-2021
- Source: Yahoo News
- Sector:Financial Services
- Country:Middle East
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.