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
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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.