Bitcoin
Bitcoin (BTC)
$65,139.00 -2.16549
Bitcoin price
Ethereum
Ethereum (ETH)
$3,471.08 -1.52995
Ethereum price
BNB
BNB (BNB)
$586.78 -3.32876
BNB price
Solana
Solana (SOL)
$136.97 -4.4579
Solana price
XRP
XRP (XRP)
$0.4893130 -3.86634
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 -6.91868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 -4.31741
Pepe price
Bonk
Bonk (BONK)
$0.0000212 -9.51804
Bonk price
Bitcoin
Bitcoin (BTC)
$65,139.00 -2.16549
Bitcoin price
Ethereum
Ethereum (ETH)
$3,471.08 -1.52995
Ethereum price
BNB
BNB (BNB)
$586.78 -3.32876
BNB price
Solana
Solana (SOL)
$136.97 -4.4579
Solana price
XRP
XRP (XRP)
$0.4893130 -3.86634
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 -6.91868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 -4.31741
Pepe price
Bonk
Bonk (BONK)
$0.0000212 -9.51804
Bonk price
Bitcoin
Bitcoin (BTC)
$65,139.00 -2.16549
Bitcoin price
Ethereum
Ethereum (ETH)
$3,471.08 -1.52995
Ethereum price
BNB
BNB (BNB)
$586.78 -3.32876
BNB price
Solana
Solana (SOL)
$136.97 -4.4579
Solana price
XRP
XRP (XRP)
$0.4893130 -3.86634
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 -6.91868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 -4.31741
Pepe price
Bonk
Bonk (BONK)
$0.0000212 -9.51804
Bonk price
Bitcoin
Bitcoin (BTC)
$65,139.00 -2.16549
Bitcoin price
Ethereum
Ethereum (ETH)
$3,471.08 -1.52995
Ethereum price
BNB
BNB (BNB)
$586.78 -3.32876
BNB price
Solana
Solana (SOL)
$136.97 -4.4579
Solana price
XRP
XRP (XRP)
$0.4893130 -3.86634
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 -6.91868
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 -4.31741
Pepe price
Bonk
Bonk (BONK)
$0.0000212 -9.51804
Bonk price
SirWin
SirWin
SirWin

UK Bank to ban customers from performing crypto transactions starting May 30

uk-bank-to-ban-customers-from-performing-crypto-transactions-starting-may-30
Edited by
News
UK Bank to ban customers from performing crypto transactions starting May 30

Starting May 30, U.K. digital bank Kroo will prohibit its customers from conducting cryptocurrency transactions. 

Kroo, a London-based digital bank, has announced that it will no longer allow its customers to conduct crypto transactions. This decision is in response to the increasing number of online fraud cases and scams associated with crypto. 

According to the bank’s terms and conditions, Kroo will restrict an account if “you use your account to purchase or trade in cryptocurrency or you receive credits to your account which arise from crptocurrency 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.” 

Kroo can also freeze accounts if they suspect crypto use.

“From 30 May 2024, we will no longer support bank transfers or card transactions associated with cryptocurrencies,” the bank wrote.

Kroo is a challenger bank aiming to compete for business against large, well-established banks. It is following other U.K. challenger banks, such as Starling Bank and Chase UK, in issuing bans on cryptocurrencies. 

Bank warnings against crypto fraud 

Many global banks have criticized crypto as being less safe than perceived. Some argue that crypto is not as anonymous as many people think.

In February, the Central Bank of Russia disclosed that nearly half of the financial fraud schemes within the country in 2023 used cryptocurrency and foreign currencies for payments.

In the United States, Federal Reserve authorities have stressed the potential of fraud and scams if banks embrace crypto and adopt Central Bank Digital Currencies (CBDCs).