■ NATIONWIDE

has become the latest lender to step up precautions around cryptocurrency in the aftermath of FTX’s implosion.

The building society said customers would now have a daily limit imposed on their account, dictating how much of their money they could hand over to crypto-currency providers.

A spokesman for the group said the measures were to ‘protect our members from cryptocurrency scams’.

Nationwide’s move follows similar measures brought in by rivals Santander, TSB, Virgin Money and Starling Bank.

Digital bank Starling told customers on Tuesday that it was preventing all card payments to crypto exchanges, and was restricting any outgoing and incoming bank transfers involving such businesses.