Ethereum News Daily Official TheBitTimes.com

A Coinbase user says that the crypto exchange nearly scuppered his dream wedding after it placed restrictions on his account that would have prevented him from paying for his first-choice venue. CoinDesk writer Griffin McShane claimed yesterday on X that his wedding was placed in jeopardy after Coinbase froze his deposit withdrawals and placed restrictions on his account for two months.  McShane tagged Coinbase and said, “Please explain to me how blocking access to my account for two months is protecting me because I can’t get any support information or support from your support team.” Hey @brian_armstrong, Can you tell my fiance that we can't get married at the venue we picked because @coinbase: – refused to let me withdraw my deposit – won't let me access my funds for another 2 months I've had the same bank account since I first got into crypto with… pic.twitter.com/bYfqSZNpuG — Griffin McShane (@US_SupremeShort) January 16, 2025 Coi...

Starling, the online bank that previously banned all crypto-related transactions, has been fined £29 million ($38.5 million) by the UK’s Financial Conduct Authority (FCA) for its “shockingly lax” sanction controls. Starling banned crypto transactions in 2022, describing them as “high risk and heavily used for criminal purposes.” However, the FCA found today that Starling left the financial system “wide open to criminals and those subject to sanctions.” In 2021, the watchdog raised “serious concerns” with Starling’s anti-money laundering and sanctions framework and the bank agreed not to open accounts for high-risk customers until it addressed these issues.  We have fined Starling Bank £29m for failings in their financial crime systems and controls. #FinancialServices #FinancialRegulation https://t.co/9rnn1ukEyw — Financial Conduct Authority (@TheFCA) October 2, 2024 But despite this, the FCA found “Starling failed to comply and opened over 54,000 accounts for 49,000 high-ri...