NatWest Bank has imposed daily and monthly limits on payments it will allow to cryptocurrency exchanges, in a bid to stop scammers stealing customers’ money.
The bank has capped the amount customers can send to cryptocurrency exchanges to £1,000 per day. The 30-day limit is set at £5,000. Santander to limit crypto buying over fraud spike Unveiling the move, NatWest said the decision was made to increase customer protection against losing "life changing sums of money" to crypto criminals. According to the bank, £329m was lost last year to scammers hiding behind fraudulent cryptocurrency schemes industry-wide. Cryptocurrency investments can be made through legitimate exchange platforms, which let customers buy, sell or exchange cryptoc...
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