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NatWest Bank Limits Its Support For Crypto Users.
2021-06-30 | Robin Williams
“To secure our users from the criminals exploiting these platforms, we’re temporarily reducing the utmost daily amount that a user can send to cryptocurrency exchanges as well as blocking payments to a little number of cryptocurrency asset firms where we've seen particularly significant levels of fraud-related harm for our users.”The restrictions imposed by NatWest come at a time when the United Kingdom financial watchdog, the FCA [Financial Conduct Authority], is tightening its grip on unregulated crypto trading platforms. Also earlier in April, the bank added that it'll refuse to serve business users who accept payment in crypto assets like Bitcoin [BTC], which the United Kingdom lender had categorized as “high risk.”
