British bank NatWest takes measures to protect customers from crypto risks amid Bitcoin surging to $26,000.
On March 14, NatWest introduced major restrictions on payments to cryptocurrency exchanges, imposing daily and monthly caps for such transactions.
The latest restrictions by NatWest aim to help protect customers from losing “life changing sums of money,” the bank said, adding that crypto investments are risky due to a significant amount of scams in the industry. “You should always have sole control of your cryptocurrency wallet and nobody else should have access. If you didn’t set the wallet up yourself or can’t access the money then this is likely to be a scam.”
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