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NatWest Stops Customers Moving Over £1,000 a Day Into Crypto

  • UK bank is among many lenders curbing access to cryptoassets
  • NatWest warns of rise in scams linked to the asset class

NatWest Group Plc has restricted customers’ crypto activity, becoming the latest UK bank to put limits on the volatile asset class. 

The lender said account-holders can transfer a maximum of £1,000 ($1,215) per day or £5,000 every 30 days into crypto exchanges, a ceiling imposed to stop them “losing life changing sums of money,” according to a statement Tuesday.