British Starling Bank will resume transfers to bitcoin exchanges

UK-based neobank Starling Bank will bring back its deposit feature to cryptocurrency exchanges. Writes about this Decrypt with reference to a company representative.
The restrictions will be lifted on June 23 after testing a new financial crime prevention system, he said.

British Starling Bank will resume transfers to bitcoin exchanges

On May 31, Starling Bank suspended transfers due to concerns about illegal activity. Then the organization said that the problem is relevant for "all banks."
Some UK financial institutions have also blocked payments to cryptocurrency trading platforms, according to The Telegraph.
Earlier, the UK Financial Conduct Authority (FCA) introduced a temporary registration regime for cryptocurrency companies awaiting regulatory approval. It will run until July 9, 2021.
At the moment, the FCA register includes five companies, two of which are associated with the Gemini crypto exchange. Applications from more than 160 organizations are still being considered.

We will remind, the Member of Parliament of Great Britain Tom Tugendat urged the authorities to pay attention to cryptocurrencies and create space for their development.
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