HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority , the British regulator overseeing the financial services industry, regarding the risks involved in purchasing cryptocurrencies.British financial institution Nationwide Building Society allegedly sent an email to its customers on Thursday to inform them of restrictions on cryptocurrency purchases.
“We will be introducing limits on card payments made to crypto exchanges from a current account,” the email continues, adding that the new daily card limit is 100 British pounds for Flexone accounts and 5,000 pounds for other current account types.
2 words …Credit Union.
They do this because they are afraid of crypto. I already have crypto ownr card to use it instead traditional bank card
Credit card ban will be more to do with the banks wanting to avoid liability if you're scammed - if you buy over £100 using a credit card the credit provider is also liable in any claim for breach of contract against the seller.
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I feel like this is old news. In 2020-2021 HSBC was closing and also restricting accounts where customers were interacting with crypto exchanges or crypto in general.
I can transfer fiat from HSBC to the exchanges I use. Wouldn’t buy crypto on a credit card
The UK banks Nationwide Building Society and HSBC Holdings Plc have recently implemented strict restrictions on their retail customer’s access to crypto assets. This follows numerous industry controversies. To know more, check the news.
when someone does that they push themselves away from crypto.
Halifax is the best bank to buy crypto
Good to see elonmusk has the bots under control. I rarely bother checking in here anymore because of them.
HALIFAX Bank still allowing me to buy crypto and AQUA credit card up to a daily limit of £250
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Stop sharing all negative new.. we already in damage and recovery mode.
Another drag down the drain news. I f were these Crypto influencer I will not share negative news because this contribute to slowing down adaption.
short et $BTC
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Yesterday's news. You're a good FUD maker. Seems like you missed the deep 🤓
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Those two are bad banks. I personally do not use them.
Good that people can buy crypto without these banks
Why so? I thought they are positive enough about it
But if you need to launder money they will happily take it and clean it for you.
Buy bitcoin. Close your bank account.
would want the little people to build up stacks prior to next bull run but i bet theirs no restrictions on “accredited investors”
Menjual ocehan
Negative impact
The banks now do the thievery and blame it on an unknown individual, the banking cartel led by the greedy Jewish cults are again playing blame game for what they have done, people don’t have that much power to do big robberies like the banks do …
Thanks for the FUD.. all my shorts played out
Crash already happened, whales are selling prior news like these.
The next crash
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