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28.11.2022

London-based Starling Bank has issued a ban on the purchase of cryptocurrencies using cards and introduced additional conditions for transfers that are related to digital assets.

“Innovative technology and the underlying thinking behind cryptocurrencies has great potential. However, right now they pose a high risk and are widely used for criminal purposes. Therefore, we no longer support them, ”said a Starling bank representative.

These restrictions of the bank were strongly criticized by users. Many agree that some restrictions in this direction are reasonable, but not a complete ban.

Recall that 1.5 years ago, Starling bank banned its users from depositing funds to cryptocurrency exchanges, but the restrictions were lifted a month later, after testing and installing a new security systеm against financial crimes.

Also in June of this year, Starling Bank CEO Anne Boden noted cryptocurrency as a strong threat to payment systems.

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08.02.2023, 18:03