United Kingdom retail and commercial National Westminster Bank, otherwise called NatWest stated it won't provide services to business clients that allow payments in cryptocurrencies.
Related: JPMorgan About the Possibility of BTC Price Further Decline
British news and website the Guardian published the news on April 21.Morten Friis, NatWest's head of risk management and non-executive director said that the institution views cryptocurrencies as "high risk". So, they don't intend to deal with clients or build new relationships with individuals whose primary occupation is backed by cryptocurrency exchange or their core activity is conducting in crypto.
Friis pointed out that the move is connected with the FCA's suggestions that earlier published a warning that said investing in BTC and other cryptocurrencies is risky.
Earlier this month, another major British bank HSBC announced changing its policy concerning virtual currencies and relevant products. It will no longer allow clients to buy shares in a business intelligence firm MicroStrategy through its network.