HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. crypto bitcoin $BTC
HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority , the British regulator overseeing the financial services industry, regarding the risks involved in purchasing cryptocurrencies.British financial institution Nationwide Building Society allegedly sent an email to its customers on Thursday to inform them of restrictions on cryptocurrency purchases.
“We will be introducing limits on card payments made to crypto exchanges from a current account,” the email continues, adding that the new daily card limit is 100 British pounds for Flexone accounts and 5,000 pounds for other current account types.
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