UK bank Starling bans crypto-related purchases and deposits

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. (Source: casino-utan-svensk-licens.ltd)

The bank also described cryptocurrencies as “high risk and heavily used for criminal purposes.”

Read more: Cointelegraph