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.

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

Read more: Cointelegraph