: NatWest sets £1,000 daily limit for customer crypto activities


U.K. bank NatWest said it’s imposing a daily limit of £1000 ($1,216) and a 30-day payment limit of £5000 to cryptocurrency exchanges is being implemented to help protect customers losing life changing sums of money. “Cryptocurrency scams are often advertised online offering high returns on investments. Criminals play on a lack of understanding of how cryptocurrency markets work and their unpredictability, to encourage investors to transfer money to exchanges, which are often set up in the customer’s own name by the criminal or by the victim, under duress from the criminal,” the bank says.

This article was originally published by Marketwatch.com. Read the original article here.

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