“We have no appetite for dealing with customers, whether taking them on as new clients or having an ongoing relationship with people, whose main business is backed by an exchange for cryptocurrencies, or otherwise transacting in cryptocurrencies as their main activity,”
> Head of the lender’s risk committee categorised cryptocurrencies as ‘high risk’
That PayPal was never categorised as high risk, despite the many instances of people getting all their cash frozen, tells me all I need to know about this decision.
“We have no appetite for dealing with customers, whether taking them on as new clients or having an ongoing relationship with people, whose main business is backed by an exchange for cryptocurrencies, or otherwise transacting in cryptocurrencies as their main activity,”