Currency Economy

Another UK Bank Boosts Security to Combat Crypto Scam

Cryptocurrency1 minute ago (Jun 30, 2021 04:00AM ET)Another UK Bank Boosts Security to Combat Crypto ScamAnother UK Bank Boosts Security to Combat Crypto Scam

  • UK Bank — NatWest, has put a cap on the number of cryptos its customers can transfer.
  • The cap affects many cryptos and crypto exchanges.
  • The country is on a mission of regulating cryptos to protect its citizens from scams.

The UK has prioritized the safety of its citizens and their digital assets. In recent events, the UK has noticed rising crypto crime in the country. To provide safety, NatWest Banks has put a cap on the crypto transfer limit for its users.

In detail, the UK-based bank has implemented a cap on the daily amount of cryptocurrency its users can send on crypto exchanges. This decision was made due to much rising concern. Specifically, the country has been dealing with multiple cases of investment frauds and scams.

For instance, a British teacher recently lost her entire life savings via a Bitcoin investment scam. The 63-year-old woman was targeted via an ad on In…

This article was first published on coinquora.com

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