U.K. customers with a major bank will soon find it harder to buy crypto from exchanges. Santander says payments to these trading platforms will be capped at $1,100 per transaction — and no more than $3,300 can be spent in a single 30-day period.
U.K. customers with a major bank will soon find it harder to buy crypto from exchanges.
Santander says payments to these trading platforms will be capped at $1,100 per transaction — and no more than $3,300 can be spent in a single 30-day period. In a statement, executives said the move was in response to "a large increase in customers becoming victims of cryptocurrency fraud." Bitcoiners have criticized Santander's decision — and are accusing the financial institution of clamping down on crypto because it "threatens" its business model.
There's a great deal of inconsistency across British banks when it comes to crypto, and some do allow purchases to be made without restrictions.
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