One of the UK’s largest banks Nationwide Building SocietyBad news for its customers.
According to Reuters, the UK-based bank Nationwide Building Society said in an e-mail to its customers. cryptocurrency He said he was restricting his trading.
Accordingly, the daily limit of customers to buy cryptocurrencies is limited to 5,000 pounds, or $5,995.
It was also stated that it will not allow customers to make payments to crypto exchanges using credit cards.
In a statement to customers, the bank said its decision was made due to regulatory concerns over the risks of purchasing cryptocurrencies.
The bank also added that it will continue to restrict payments to cryptocurrency exchanges like Binance, citing similar actions, media coverage and regulatory uncertainty from other providers.
Nationwide Building Society is not the first and only bank in the UK to impose this restriction.
Last November, as part of its anti-fraud measures, Santander bank also allowed customers to crypto- He stated that he has imposed limits on the amount they can transfer to their stock exchanges.
Likewise, the UK-based bank, Natwest Group, imposed restrictions on its customers on cryptocurrencies in 2021.
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