Starling Bank Boss Attacks Crypto Despite Fintech’s ‘Crypto-Friendly’ Status
Anne Boden is more than skeptical about crypto, as she criticizes their use worldwide. The Goldman Sachs-backed digital bank’s CEO has gone head-on against cryptocurrencies, warning users to refrain from digital assets. Established in 2014 by Anne Boden, Starling bank is a digital bank that provides loans and chargeless financial services via a mobile app. […]
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Starling blocked crypto exchange deposits last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.” Starling, a United Kingdom-based online bank, is preparing to resume payments to cryptocurrency exchanges after suspending crypto exchange deposits last week.A spokesperson for Starling told Cointelegraph on Tuesday that the bank is set to restart payments to crypto exchanges on June 23 after temporarily suspending the feature as a measure to protect its customers.Starling blocked payments to some cryptocurrency exchanges last week, citing....
Starling Bank, a UK-based digital banking corporation and a strong supporter of Bitcoin and the distributed ledger technology has secured a US$70 million funding round to penetrate the UK banking market. The organization, led by a group of experienced veterans in the finance sector including former Allied Irish Banks CEO Anne Boden, former Head of Technology for Barclays Mark Hipperson, and former Divisional Risk Officer at Lloyds Banking Group Tony Ellingham attempts to use advanced and innovative financial technologies to enable real-time intelligence, intuitive money management, and....
The founder and CEO of Starling, a digital bank, has expressed her views stating that EU laws have helped to shape the U.K.’s FinTech sector, but she fears that the result of Brexit could see the sector stalling. Anne Boden, who set up Starling in 2014, praised the EU by saying that it had come up with ‘very good payment and banking legislation,’ according to a report to the Financial Times. She said: I know the traditional banks don’t always like it, but if you look at it from a competition and innovation point of view, and especially for the development of fintech, then European....
As of this writing, the market capitalization of cryptocurrencies totals $1,7 trillion, comprised of around 18,140 cryptocurrencies and 460 exchanges. Approximately $90 billion worth of cryptocurrencies, namely Bitcoin and Ethereum, are traded every day. Given the magnitude of the market and the coming legislative thrust, it is important to assess the present status of the […]
Regulators’ constant negativity continues to dominate the crypto news media. Governments have begun to consider countermeasures to crypto trading, with crypto mining becoming a hot topic as well. György Matolcsy, the governor of Hungary’s Central Bank, has come out in support of the cryptocurrency trading and mining ban. Matolcsy stated his support for the Bank […]