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3232British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
https://www.digit.info/british-bank-natwest-implements-new-limits-on-cryptocurrency-payments-to-combat-uk-crypto-scams/
Wed, 15 Mar 2023 18:00:35 +0000https://www.digit.info/2023/03/15/british-bank-natwest-implements-new-limits-on-cryptocurrency-payments-to-combat-uk-crypto-scams/Read more]]>On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]
]]>Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies
https://www.digit.info/report-banking-giant-natwest-to-refuse-service-to-businesses-that-accept-cryptocurrencies/
Fri, 23 Apr 2021 04:30:39 +0000https://www.digit.info/2021/04/23/report-banking-giant-natwest-to-refuse-service-to-businesses-that-accept-cryptocurrencies/Read more]]>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” […]
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]
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” […]