UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes
A number of people asked the bank for clarification on Twitter. Starling Bank provided the same response to all customers over the past couple of days, stating that crypto activity is considered high risk and it has decided to prevent all card payments to crypto merchants. The bank added that it is implementing further restrictions on outgoing and incoming transfers.
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.
Ok
So I presume StarlingBank will also be banning cash transactions as fiat is responsible for 97% of all illegal transactions on the planet ? For our UK friends looking to leave Starling Bank does anyone know of any crypto friendly banks they can move over to ?
Never heard of them
What is he talking about? Fiat is used for criminal purposes too....
First they send out starling bank to make the announcement and see how the people react or think. Then a second bigger bank follows, on and on till they kill a good project off. Just because it doesn't make the bank more money! bad binance danteeokeke
BanksBadNews Never a good news from the bank, either they say your money 🤑💰 stinks , or the charges/ bill's are unknown or without names!!. cryptocurrency danteeokeke BNBCHAIN cz_binance Bad
Not even a top 10 bank in England
Okay, It’s still safer to hodl USDT instead of fiat.
Translation: 'Our clients lost 'our' funds on FTX.'
Nobody cares
Okay, gonna spend Tether on the dips.
The highest risk is not to hodl any crypto or stablecoins. I use USDT.
Start planning your next moves for the bullrun, because it's not going to be so easy. Think location, platforms and projects
is there any evidence to proof its involve in criminal activities ?
Well, I’m gonna go and buy more LEO tokens then.
cryptocurrencies starlingbank BTC Don't let the bank decide what you can spend my money on!!! The bank that decides this should not be called a 'bank'
Why should banks decide what I can spend my money on? Before opening a bank account, I asked what his approach to cryptocurrencies was. If I don't like the answer, I don't create an account there. If they change their approach to crypto, I change the bank
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Just use another bank already cancelstarlingbank
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BNB
BNB
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Hahahaha. This translates as, we have no clue how this works, we can’t control it and we can’t figure out how to profit from it
Time shall come they will oppose this statement Ask slayor
Thats nice!
FACT
... thank god fiat was not used for criminal purposes for decades GoCrypto CryptoAdoption GoCrypto_
Por isso que tenho medo de abrir a carteira administrativa da empresa fora da sede pois é lá que sai os pagamentos. BTC
Banks think if people using cryptocurrecy their business will be stop that's why spread these types of news whenever crypto market rising it's their monopoly don't afraid we will use our doge btc eth ada shib safemoon lunc everywhere without delay
BNB
BNB
BNB
FACT
Neat. Now do dollars
Use bisq_network / LocalMoneroCo. Crypto ATMs are banned unfortunately.
Is it a big shock that a BANK would reject a technology that will one day make it (the bank) obsolete?
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BNB
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Because fiat money is not used by criminals ? 😌
NGMI
In other words. We have a hard time competing when our criminal movements of funds are so easily hidden with the current system. Pull your funds and shut them down cancelstarlingbank.
Government pushing real hard for CBDC.
FACT
BNB
And as far “used for criminal purposes,” perhaps they should take a hard look at the US dollar. Because according to the US Dept. of the Treasury, the currency of choice the vast majority of criminals is still USD.
Funny it’s a bank from the UK hence the push for cbdc 🤦🏻♂️
withdraw cash, localmonero, problem solved
Probably, the banks are the criminal’s ? 🤣
Banks about to put themselves out of business
Same as criminals that using banks and cash are they gonna ban now banks and cash😂😂😂
That’s crazy!!
If they adopt in the future... They will be born for different daddy's 😂
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If ever there was an ad for why bitcoin is needed. Imagine having a bank where you can’t decide where you send your own money.
This is what I'm talking about! Banks make profits of investing your deposits but once you start to use YOUR money to move forward in life or die trying. Banks states 'We are your babysitter' Your money is my money now. We need crypto more now than ever!
BNB
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But cash isn't
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FACT
ChiefraFba gives the most accurate signals and analysis in my experience
Fantastic! I have recently started using ChiefraFba for signals, his accuracy is INSANE!
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