NatWest announced the temporary suspension of the function for exchanging digital assets with the Binance exchange. The largest commercial bank in the UK mentioned in a statement that its decision is temporary. The reason for such drastic innovations was the uncertainty in the regulation of Binance's activities. The leadership of the financial structure announced this on its official Twitter account.
In a statement, NatWest noted that the enforced restrictions are going to be continually reviewed.
“As of today, we are blocking all payout transactions on Binance. The restrictions will apply to both debit and credit cards of our bank. We will revise our decision from time to time,” the bank said in its address to its clients.
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According to reports, NatWest saw a huge risk in investing in cryptocurrency, and to protect its clients from scammers, decided to temporarily suspend cooperation with Binance.