Monzo Bank customers cannot buy cryptocurrencies directly on the banking platform, but they can use the funds in their accounts to make crypto purchases on exchanges.
This is confirmed by the bank itself on its official website, where it specifically writes that Monzo customers can use a range of crypto exchanges to buy cryptocurrencies as part of the banking service offered.
They add, however, that from time to time, as a regulated bank they may block a limited number of transactions based on risk, but this applies to all transactions and not just those involving cryptocurrencies.
Indeed, on another page titled “Is Monzo anti-crypto?” they add that this is not the case at all, because Monzo customers can use a wide range of crypto exchanges, including major ones like Coinbase.
However, they specify that, following the warning issued by the FCA earlier this year, they have stopped payments to Binance for now: this is the only crypto exchange to which they have suspended all pa
We współpracy z: https://en.cryptonomist.ch/2023/10/14/using-monzo-bank-buy-crypto/
