Banks are blocking payments to and from cryptocurrency exchanges in the aftermath of FTX’s demise, which left 80,000 UK traders out of pocket. Starling Bank has tightened its payment controls and has blocked all outgoing and incoming payments from cryptocurrency exchanges. The bank stated in a tweet that it considers crypto activity “high risk” and has decided to “implement further restrictions on outgoing and incoming transfers.” Meanwhile, Nationwide has limited card payments to the cryptocurrency exchange Binance, which cannot be removed at the request of a customer.
