Starling Bank, its headquarters in London, has informed its clients that it no longer facilitates money transfers to cryptocurrency platforms, including cryptocurrency exchanges.
On Twitter, a lot of users questioned the bank for further information. Over the past several days, Starling Bank has responded the same way to every client:
A lot of individuals disagree with the bank’s choice. Some even claimed that due to the shift, they had closed their bank accounts.
Several news reports cited a Starling Bank spokeswoman as noting that the bank, like many others, has long imposed different limits on cryptocurrency transactions. Restrictions on incoming and outgoing card and bank transfer transactions have lately been strengthened.
The most recent limitations are not the first time Starling has strictly enforced regulations regarding crypto-related behavior. In May 2021, the bank temporarily stopped paying cryptocurrency exchanges due to similar worries. About a month later, Starling began its crypto trading activities.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu