NatWest, one of the largest banks in the UK, has announced new restrictions on cryptocurrency transactions. Starting from March 16th, 2023, customers will be limited to a maximum of £1,000 per day and £5,000 per calendar month for cryptocurrency transactions.
The move by NatWest is expected to affect its customers who use cryptocurrency exchanges to buy and sell digital currencies.
While some customers may view these restrictions as a hindrance, others will see them as necessary measures to protect against financial crimes and fraudulent activities in the cryptocurrency space.
Overall, the new restrictions on cryptocurrency transactions by NatWest are a sign of the increasing scrutiny and regulation being applied to the cryptocurrency industry in the UK and around the world.
