NatWest is limiting the amount customers can trade on cryptocurrency exchanges in the face of growing scams.
The bank is introducing a daily limit of £1,000 and a 30-day payment limit of £5,000 to help protect customers losing life changing sums of money. Some £329m was lost by consumers last year as a result of cryptocurrency criminal activities.
Digital currencies aren't protected by the UK’s Financial Services Compensation Scheme with the majority not regulated by the Financial Conduct Authority.
