Goldman Sachs-backed UK digital bank to suspend all payments to crypto exchanges

UK-based digital bank Starling has suspended all payments to cryptocurrency exchanges, The Daily Telegraph reports.

Concerns about crypto-related financial crime were cited as the reason for the suspension by the upstart lender.

A spokesperson for the challenger bank says that the measure is temporary, and it is meant to ensure customer protection:

This is not just an issue for Starling, but for all banks. We apologise for the inconvenience that this has caused for some customers; we will be reversing this measure as we roll out additional checks specifically for payments to crypto exchanges.

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