'From the 15th of November, Santander mobile and online banking customers were restricted to a £1,000 limit for individual cryptocurrency transactions and a £3,000 cap on transactions in a rolling 30-day period. Payments sent to cryptocurrency exchange Binance will continue to be blocked, while payments from cryptocurrency exchanges, including Binance, will still be permitted.
47% of UK banks don’t allow customers to interact with crypto exchanges, according to personal finance comparison site finder.com.
A Starling Bank spokesperson said: “Starling has had restrictions of varying degrees on crypto transactions for some time, like many other banks. We recently tightened restrictions on inbound and outbound transactions by card and bank transfer.
“Today’s message was to make sure that customers who have made such transactions in the past, but not recently, are aware of this.
“The innovative technology, and thinking, behind cryptocurrencies, have 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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https://www.standard.co.uk/business/starling-bank-bans-bitcoin-transactions-as-part-of-crypto-clampdown-b1041868.htmlThis is the second time, Starling Banks bans crypto transactions from their bank to the exchange and vice versa,, what is even more surprising is that this policy carried out by starling bank occurred when the British parliament was discussing whether cryptocurrencies deserved to be a part of financial regulation. I wonder if the UK parliament will intervene in this matter?
