United Kingdom’s Starling bank has announced it will lift the ban on crypto transactions on June 23.
The financial institution swiftly moved to suspend crypto exchanges after suspicions of “high level” financial crime.
“The suspension will lift on 23 June following the introduction of an enhanced payment review process. The block only affects outbound payments, inbound payments in GBP are unaffected,” said Alexandra Frean, Chief corporate affairs officer at Starling said in an email to coindesk.
She reiterated that the concerns that necessitated the restriction is a general issue among banks in the country.
Customers have also complained about the same restrictions by Barclays and Monzo although these reports are unconfirmed.