NatWest blocks payments to Binance

Friday 23 July 2021 12:35 CET | News

NatWest has blocked debit and credit card payments to cryptocurrency exchange Binance.

NatWest joins Santander and Barclays among major banks preventing UK customers from purchasing crypto on Binance, following the warning from the Financial Conduct Authority that the exchange was operating in the country without permission.

The bank had previously limited the amount users could spend each day on crypto exchanges in response to concerns over investment scams and fraud. In conjunction with this policy, NatWest is blocking outright payments to a small number of crypto firms that pose particularly significant levels of risk.

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Keywords: cryptocurrency, FCA, regulation
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United Kingdom
This article is part of category

Blockchain & Cryptocurrencies