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.
