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3 Major UK Banks Bet On Blockchain Property Network With $12M Backing
3.4.2024
Lloyds Bank, Nationwide Building Society, NatWest Group, and property portal Rightmove collectively invested £10m (about $12.6m) in Coadjute, a blockchain firm focused on property transactions.
The post 3 Major UK Banks Bet On Blockchain Property Network With $12M Backing appeared first...
End of Fed’s Tightening Cycle: Bernanke, Majority of Polled Economists See Terminal Rate Hike Ahead
23.7.2023
With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently maintains the conviction that this quarter-point uptick...
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
15.3.2023
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious...
NatWest Bank Imposes Monthly Crypto Exchange Payment Limit of $6K, Citing Fraud Concerns – Here's the Latest
15.3.2023
Consumer-focused UK bank NatWest is putting a limit on the amount of money customers can transfer to cryptocurrency exchanges in a move that shows deteriorating relationships between digital asset firms and financial institutions.
Users of the bank will be limited to payments of 1,000 British...
NatWest bank puts $6K monthly limit to crypto exchange payments
14.3.2023
NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions
U.K. Bank NatWest Limits Daily Crypto Payments to $1,200
14.3.2023
Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds over a 30-day period
HSBC Becomes Latest Bank to Suspend Payments to Crypto Exchange Binance in UK
3.8.2021
HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this...
After Barclays and Santander, UK Bank Natwest Blocks Payments to Binance
24.7.2021
A major high street bank in the U.K., Natwest, has blocked payments to crypto exchange Binance. Natwest’s decision came after two other major British banks — Barclays and Santander — made a similar move to block fund transfers to Binance. The banks acted in response to a warning...
NatWest cuts payment channels to Binance citing regulatory uncertainty
22.7.2021
“It’s like people can’t spend their money on what they want anymore,” one Twitter user noted regarding NatWest’s action against Binance
After Barclays, Santander Bank Blocks Payments to Binance in UK Citing Customer Protection
9.7.2021
Santander Bank in the U.K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. A number of Santander Bank customers reported on social media that they have received...
British Bank Natwest Imposes Daily Limit on Transfers to Cryptocurrency Exchanges Over Fraud Concerns
30.6.2021
A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms. Natwest says the two moves are necessary to protect customers....
UK’s NatWest bank limits transactions to crypto exchanges
30.6.2021
NatWest and other U.K. high street banks have ramped crypto curbs amid recent regulatory pressure on the sector
Major British Bank Natwest Alerts Customers With Tips to Avoid Cryptocurrency Scams
31.5.2021
Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving...
Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies
23.4.2021
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has...
Another UK bank serves anti-crypto notice to customers
22.4.2021
U.K. commercial bank NatWest says it does not want to do business with clients and customers who deal in crypto
Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto
28.7.2019
When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services...