NatWest bank puts $6K monthly limit to crypto exchange payments

NatWest bank puts $6K monthly limit to crypto exchange payments

NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions.

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NatWest, a retail and commercial bank in the United Kingdom, is taking measures to protect customers from potential crypto losses amid Bitcoin (BTC) hitting multi-month highs.

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On March 14, NatWest introduced major restrictions on payments to cryptocurrency exchanges, imposing daily and monthly caps for such transactions.

According to an announcement shared with Cointelegraph, NatWest has set a 1,000 British pounds ($1,216) limit for daily transactions involving crypto exchanges. The bank has also imposed a 30-day payment limit of 5,000 GBP ($6,080).

The latest restrictions by NatWest aim to help protect customers from losing “life

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