The British bank Santander UK imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services.
Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto 'Can Be High Risk'
On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services.new update
concerning cryptocurrencies and it warns that investing in such financial vehicles can be “high risk.” The bank notes that the U.K.’s Financial Conduct Authority has warned the public about such risks and the financial institution wants to do everything it can to “protect” customers. “[Santander UK feels] that limiting payments to cryptocurrency exchanges is the best way to make sure your money stays safe,” the bank explains.
The financial institution has placed a £1,000 limit per transaction, and a total limit of £3,000 in “any rolling 30-day period.” Despite the bank’s warning, Santander-associated businesses are dedicating lots of effort toward
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says – Exchanges Bitcoin NewsThe Monetary Authority of Singapore has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users.
Weiterlesen »
Binance Wants to Buy BankCryptocurrency exchange Binance would be open to acquiring a bank, according to CEO Changpeng Zhao
Weiterlesen »
Moneygram Enables Customers to Buy and Sell Cryptocurrency via Its Money Transfer App – Exchanges Bitcoin NewsMoneygram has launched a new service to allow customers to buy, sell, and store cryptocurrencies using its mobile app. crypto bitcoin ethereum
Weiterlesen »
South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets – Africa Bitcoin NewsPick n Pay reportedly uses the Bitcoin Lightning Network which is said to be suitable for 'high volume, low-value transactions.'
Weiterlesen »