NatWest – a retail and commercial bank – is limiting how much money its customers can transfer to digital currency exchanges as a means of preventing fraud. NatWest Is Halting Major Crypto Activity Customers of NatWest will no longer be able to transfer more than 1,000 pounds to crypto exchanges. They also cannot exceed 5,000 pounds per month. The bank put out a statement claiming there are too many “crypto criminals” out there, and it doesn’t want its customers taking too many chances with a space that’s largely unregulated and open to bad behavior. Stuart Skinner – head of fraud
Growing frictions between UK banking and digital asset platforms are putting crypto under renewed scrutiny, as new data challenges the country’s fintech ambitions. UK exchanges report systemic payment blocks A new survey by the UK Cryptoasset Business Council (UKCBC) reveals that transfers between United Kingdom bank accounts and crypto exchanges…