British authorities are tightening control over the cryptocurrency market. In connection with the tightening of the kingdom's position, local banks began to limit the operational capabilities of customers investing in bitcoin and other digital currencies.
NatWest bank has set a limit on sending funds to crypto exchanges. The representative of the financial institution stressed that such a decision was made due to threats posed by fraudsters.
In addition, NatWest Bank began to block operations of companies that own digital assets, whose clients had previously suffered from the actions of hackers and swindlers.
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NatWest spokesman Andrew Nilson said: "We have recorded the activation of scammers who want to steal cryptocurrency funds. The criminals are especially active on social networks."
Binance crypto exchange is also on the list of companies whose operational capabilities will be limited, the bank noted.
Recall that at the end of last week, the UK Financial Conduct Authority (FCA) ordered the Binance administration to stop serving traders until further notice from the regulator.