NatWest – DIGIT INFO

NatWest bank puts $6K monthly limit to crypto exchange payments

NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions.

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HSBC Becomes Latest Bank to Suspend Payments to Crypto Exchange Binance in UK

HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this decision due to concerns about the possible risks to you.” ‘We’re Suspending Payments to […]

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After Barclays and Santander, UK Bank Natwest Blocks Payments to Binance

A major high street bank in the U.K., Natwest, has blocked payments to crypto exchange Binance. Natwest’s decision came after two other major British banks — Barclays and Santander — made a similar move to block fund transfers to Binance. The banks acted in response to a warning on the cryptocurrency exchange by the U.K.’s […]

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NatWest cuts payment channels to Binance citing regulatory uncertainty

“It’s like people can’t spend their money on what they want anymore,” one Twitter user noted regarding NatWest’s action against Binance.

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British Bank Natwest Imposes Daily Limit on Transfers to Cryptocurrency Exchanges Over Fraud Concerns

A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms. Natwest says the two moves are necessary to protect customers. Natwest Places Limit on Transfers to Crypto Exchanges […]

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UK’s NatWest bank limits transactions to crypto exchanges

NatWest and other U.K. high street banks have ramped crypto curbs amid recent regulatory pressure on the sector.

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Major British Bank Natwest Alerts Customers With Tips to Avoid Cryptocurrency Scams

Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving cryptocurrencies. “If you ignore the above advice, you could lose all […]

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Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies

The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has no appetite for dealing with these types of customers as Natwest is taking a “cautious approach” […]

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Another UK bank serves anti-crypto notice to customers

U.K. commercial bank NatWest says it does not want to do business with clients and customers that deal in crypto.

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Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning. Their ‘crime’? Buying […]

The post Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto appeared first on Bitcoin News.

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