Daily Mail

NatWest launches crypto crackdown


NATWEsT is limiting the amount customers can spend on digital currencies to help stop them ‘losing life changing sums of money’ at the hands of ‘crypto-criminals’.

The High street bank has set daily and monthly caps on how much consumers can transfer to cryptocurr­ency exchanges in a crackdown on scams and fraud. The bank, led by chief executive Alison rose ( pictured), will let customers transfer no more than £1,000 per day, and

£ 5,000 each month, to the exchanges. The bank said customers in the UK lost £329m to crypto scams last year.

NatWest’s fraud protection head stuart skinner said the bank was ‘ acting to protect customers’.

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