Starling Bank Bans All Crypto-Related Transactions, Cites 'High Risk'

Starling Bank Bans All Crypto-Related Transactions, Cites 'High Risk'

Starling Bank, a challenger bank in the United Kingdom, is now banning its customers from making any transaction related to cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that …