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According to Sifted, Starling Bank has decided to block all card payments to crypto merchants and restrict other outgoing and incoming crypto-related bank transfers, the bank said in a message to customers on Tuesday. Starling customers have never been able to hold cryptocurrencies with the neobank, but the announcement means they’ll no longer be able to use a Starling account to withdraw or deposit fiat money into or out of crypto exchanges. “We always review our position in relation to financial crime. We consider crypto activity to be high risk,” the bank said in a message to customers. Tweets shared on social media suggest that customers were not given any prior warning or lead-up time to the decision. A spokesperson for Starling said: “The innovative technology, and thinking, behind cryptocurrencies has great potential advantages, however, right now, they are high risk and heavily used for criminal purposes and, as such, we no longer support them.”

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【Starling Bank cuts customers off from crypto-related payments】According to Sifted, Starling Bank has decided to block all card payments to crypto merchants and restrict other outgoing and incoming crypto-related bank transfers, the bank said in a message to customers on Tuesday. Starling customers have never been able to hold cryptocurrencies with the neobank, but the announcement means they’ll no longer be able to use a Starling account to withdraw or deposit fiat money into or out of crypto exchanges. “We always review our position in relation to financial crime. We consider crypto activity to be high risk,” the bank said in a message to customers. Tweets shared on social media suggest that customers were not given any prior warning or lead-up time to the decision. A spokesperson for Starling said: “The innovative technology, and thinking, behind cryptocurrencies has great potential advantages, however, right now, they are high risk and heavily used for criminal purposes and, as such, we no longer support them.”

Starling Bank cuts customers off from crypto-related payments

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