British companies NatWest and Paysafe have introduced restrictions for customers on transactions related to digital assets. This is reported Financial Times.
One of the largest commercial banks in the country, NatWest, has introduced a daily limit of 1,000 pounds and a monthly limit of 5,000 pounds for payments to cryptocurrency exchanges. The company will also prohibit customers from purchasing digital assets with credit cards.
Binance previously suspended GBP deposits and withdrawals for new users. Representatives of the platform noted that the measures are related to the position of Paysafe and will affect less than 1% of customers.
According to the FT, the payment company believes that “the UK digital assets regulatory environment is too complex” and all decisions were made with “great caution”.
“This looks like the beginning of a coordinated crackdown on cryptocurrencies by the UK banking sector. We have already seen how this strategy is taking shape in the United States, ”said one of the former employees of the financial organization HSBC in an interview with the publication.
Recall that in early March, the Nationwide Building Society and HSBC also introduced restrictions on the purchase of cryptocurrencies for retail customers.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
British companies NatWest and Paysafe have introduced restrictions for customers on transactions related to digital assets. This is reported Financial Times.
One of the largest commercial banks in the country, NatWest, has introduced a daily limit of 1,000 pounds and a monthly limit of 5,000 pounds for payments to cryptocurrency exchanges. The company will also prohibit customers from purchasing digital assets with credit cards.
Binance previously suspended GBP deposits and withdrawals for new users. Representatives of the platform noted that the measures are related to the position of Paysafe and will affect less than 1% of customers.
According to the FT, the payment company believes that “the UK digital assets regulatory environment is too complex” and all decisions were made with “great caution”.
“This looks like the beginning of a coordinated crackdown on cryptocurrencies by the UK banking sector. We have already seen how this strategy is taking shape in the United States, ”said one of the former employees of the financial organization HSBC in an interview with the publication.
Recall that in early March, the Nationwide Building Society and HSBC also introduced restrictions on the purchase of cryptocurrencies for retail customers.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
