英国银行
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UK Digital Signals Banning Crypto Trading!
Kroo, a London-based challenger bank, has banned its customers from trading cryptocurrencies to “help keep user accounts and funds safe”.
The bank’s updated terms and conditions read: “From May 30, 2024, to help keep your accounts and funds safe, we will no longer process bank transfers or card payments related to crypto asset providers.”
In addition, Kroo Bank noted that it will “freeze or restrict” accounts used to buy or trade cryptocurrencies. Accounts that receive credit from crypto transactions or trades may also be blocked.
“If we detect such activity, we will not process the related payments and we may close your account if you continue to conduct such transactions,” the bank warned.
The move comes amid a surge in crypto-related online scams and fraud.
Recently, Lloyds Bank in the UK issued an urgent warning to young investors about crypto scams, which increased by 23% last year. The warning noted that crypto victims lost an average of £10,741, more than any other type of scam.
Kroo Bank is the latest UK challenger bank to ban crypto-related transactions, including Starling Bank and Chase UK.
Starling digital bank banned crypto transfers in 2022 due to "high risk of crypto activity". Last October, Chase UK, JPMorgan Chase's UK retail bank, restricted customers' access to cryptocurrencies due to growing concerns about their illegal use.
British bank NatWest took a similar approach, setting limits on customers' cryptocurrency spending. NatWest noted that its customers can only make crypto payments of up to £1,000 per day and a maximum of £5,000 every 30 days. #英国银行
Kroo, a London-based challenger bank, has banned its customers from trading cryptocurrencies to “help keep user accounts and funds safe”.
The bank’s updated terms and conditions read: “From May 30, 2024, to help keep your accounts and funds safe, we will no longer process bank transfers or card payments related to crypto asset providers.”
In addition, Kroo Bank noted that it will “freeze or restrict” accounts used to buy or trade cryptocurrencies. Accounts that receive credit from crypto transactions or trades may also be blocked.
“If we detect such activity, we will not process the related payments and we may close your account if you continue to conduct such transactions,” the bank warned.
The move comes amid a surge in crypto-related online scams and fraud.
Recently, Lloyds Bank in the UK issued an urgent warning to young investors about crypto scams, which increased by 23% last year. The warning noted that crypto victims lost an average of £10,741, more than any other type of scam.
Kroo Bank is the latest UK challenger bank to ban crypto-related transactions, including Starling Bank and Chase UK.
Starling digital bank banned crypto transfers in 2022 due to "high risk of crypto activity". Last October, Chase UK, JPMorgan Chase's UK retail bank, restricted customers' access to cryptocurrencies due to growing concerns about their illegal use.
British bank NatWest took a similar approach, setting limits on customers' cryptocurrency spending. NatWest noted that its customers can only make crypto payments of up to £1,000 per day and a maximum of £5,000 every 30 days. #英国银行
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Even Crypto-Friendly UK Banks Freeze Accounts Over Crypto Trading Concerns
The past few months have seen an increase in the freezing or restriction of bank accounts of crypto professionals in the UK, US, and EU. They say you don’t really care until it happens to you, and this week it really happened to me. I was very surprised that it came from where I least expected it.
Despite certain limitations, Revolut has long been seen as the most crypto-friendly bank in the U.K., offering in-app crypto purchases and eventually adding the ability to send and receive crypto in 2023.
Despite certain limitations, Revolut has long been seen as the most crypto-friendly bank in the U.K., offering in-app crypto purchases and eventually adding the ability to send and receive crypto in 2023.
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