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#EarnFreeCrypto2024 FINANCE UK Digital Bank Blocks Clients From Performing Crypto Transactions The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving crypto currencies as the reason for this move. Bitcoin.com News logo Learning Center About Advertise Submit Press Release FINANCE UK Digital Bank Blocks Clients From Performing Crypto Transactions UK Digital Bank Blocks Clients From Performing Crypto Transactions Terence Zimwara By Terence Zimwara The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving crypto currencies as the reason for this move. Kroo to Decline Cryptocurrency-Related Bank Transfer Requests London-based digital bank Kroo has barred its customers from performing cryptocurrency transactions. The bank attributes this decision to the increased association of crypto with scams. Kroo joins fellow banks Starling Bank and Chase UK in blocking clients from engaging in crypto transactions. According to the bank’s updated terms and conditions, starting from May 30, 2024, Kroo will decline bank transfer requests or card transactions associated with crypto currencies. “[We can freeze or restrict your account if] you use your account to purchase or trade in cryptocurrency or you receive credits to your account which arise from cryptocurrency trading or transactions. If we detect such activity we will not process the payments involved, and if you persistently make such transactions we may close your account,” the digital bank explained.

#EarnFreeCrypto2024

FINANCE

UK Digital Bank Blocks Clients From Performing Crypto Transactions

The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving crypto currencies as the reason for this move.

Bitcoin.com News logo

Learning Center About Advertise Submit Press Release

FINANCE

UK Digital Bank Blocks Clients From Performing Crypto Transactions

UK Digital Bank Blocks Clients From Performing Crypto Transactions

Terence Zimwara

By Terence Zimwara

The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving crypto currencies as the reason for this move.

Kroo to Decline Cryptocurrency-Related Bank Transfer Requests

London-based digital bank Kroo has barred its customers from performing cryptocurrency transactions. The bank attributes this decision to the increased association of crypto with scams. Kroo joins fellow banks Starling Bank and Chase UK in blocking clients from engaging in crypto transactions.

According to the bank’s updated terms and conditions, starting from May 30, 2024, Kroo will decline bank transfer requests or card transactions associated with crypto currencies.

“[We can freeze or restrict your account if] you use your account to purchase or trade in cryptocurrency or you receive credits to your account which arise from cryptocurrency trading or transactions. If we detect such activity we will not process the payments involved, and if you persistently make such transactions we may close your account,” the digital bank explained.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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