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UK Bank Starling Bans Crypto Exchange Deposits Due To ‘Suspected Financial Crime’

UK Bank Starling Bans Crypto Exchange Deposits Due To ‘Suspected Financial Crime’



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5 Comments

  1. Any excuse to make crypto out to be the bad guy.
    They’re just worried crypto is going to make banks redundant… And if they’re not worried, they should be tbf. No doubt when more adoption happens, all banks will offer “safe” crypto investment plans.

  2. tldr; UK digital bank Starling has temporarily barred its customers from depositing money to cryptocurrency exchanges over concerns about criminal activity. “This is a temporary measure that we’ve taken to protect customers, having observed high levels of suspected financial crime with payments to some cryptocurrency exchanges,” the bank said. Customers can continue to withdraw funds from crypto exchanges into Starling accounts with no restrictions.{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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