Major British Bank Natwest Alerts Customers With Tips to Avoid Cryptocurrency...
Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving cryptocurrencies. “If you ignore the above advice, you could lose all of your money,” the bank cautioned. Natwest’s Advice on How to Spot Crypto Scams National Westminster Bank (Natwest), a major retail and commercial bank in the U.K., has launched an urgent cryptocurrency scam alert on its....
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A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms. Natwest says the two moves are necessary to protect customers. Natwest Places Limit on Transfers to Crypto Exchanges National Westminster Bank, commonly known as Natwest, is a major retail and commercial bank in the United Kingdom. A spokesperson for the bank told Reuters Tuesday that the bank has capped the daily amount customers can send to cryptocurrency....
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has no appetite for dealing with these types of customers as Natwest is taking a “cautious approach” toward this technology. Natwest Will Refuse to Do Business With Companies That Accept Cryptocurrencies Reports show that the popular UK-based financial incumbent and wealth manager Natwest is....
A major high street bank in the U.K., Natwest, has blocked payments to crypto exchange Binance. Natwest’s decision came after two other major British banks — Barclays and Santander — made a similar move to block fund transfers to Binance. The banks acted in response to a warning on the cryptocurrency exchange by the U.K.’s Financial Conduct Authority (FCA). Natwest Blocking Fund Transfers to Binance British bank Natwest (NWG.L) has reportedly become the latest financial institution in the U.K. to block payments to cryptocurrency exchange Binance. According to its....
A large retail and commercial bank in the United Kingdom, National Westminster Bank Plc, or NatWest, has recently warned its customers that they may be charged negative interest rates. This is the first time a UK high street bank has threatened negative interest rates on customer savings. Natwest Imposes Negative Rates on Business Accounts. For now, the....
If there was ever a doubt regarding how little innovation there has been in the financial sector over the past 50 years, the recent NatWest outage and HSBC payment issues are a fine example. The banking system as we all know it is struggling to keep up with new forms of technology, and the sector needs a major overhaul to say the least. While these issues took place, the Bitcoin network carried on like nothing happened. The final “back to school” weekend of 2015 has not been the best for financial institutions around the world. Two major banks faced serious problems, leading to an outage....