Santander Bank Limits Cryptocurrency Exchange Transactions – Find Out Why

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Santander Bank Limits Cryptocurrency Exchange Transactions – Find Out Why

   Blockchain News Santander santander uk UK FCA    November 5, 2022  |  0

Santander UK, the UK unit of banking giant Banco Santander, has placed restrictions on crypto transactions for its customers, including a £1,000 limit on individual transactions with crypto exchanges and a £3,000 limit on total monthly transactions.
In a note to customers on Thursday, the bank said that it will limit the amount customers can send when they identify the receiver as a cryptocurrency exchange. It cited increasing cryptocurrency fraud as the reason for the decision. …
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