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UK bank Starling bans crypto-related purchases and deposits citing high risk

From cointelegraph.com

Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders. Starling customers will no longer be able to purchase cryptocurrencies like Bitcoin or receive incoming transfers from crypto exchanges or merchants. The online bank announced the news in a statement to customers as well as on Twitter, citing the perceived high risks of crypto trading. The bank also described cryptocurrencies as “high risk and heavily used for criminal purposes.” A spokesperson for Starling told Cointelegraph that the bank has had restrictions ... (full story)

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