Starling is the latest bank to impose restrictions on customer crypto activity, joining the likes of Lloyds, Barclays and RBS who have imposed a range of new measures including blocking credit card payments and blocking transactions with crypto exchanges.
Which banks do not allow crypto?
Banks make the integration of crypto into the traditional financial system difficult by preventing the easy day to day usage of your money and assets held in crypto. Going in and out of crypto, and reaping its rewards, is held back by high fees, complex transactions and slow processing times.
Why banks don t accept cryptocurrency?
Ally Bank is a crypto-friendly bank for cryptocurrency enthusiasts in the United States. This banking service operates 24/7. This bank allows people to purchase and sell cryptocurrencies via Coinbase. It allows you to credit to purchase Bitcoin and other cryptos from exchanges.