BLUF

NatWest has seen an increase in cryptocurrency-related scams, with UK consumers losing an estimated £329m from cryptocurrency scams.

Summary

This article from the  BBC makes the following points:
  • NatWest customers can now only transfer £1,000 a day to cryptocurrency exchanges and no more than £5,000 monthly.
  • NatWest said it was trying to protect its customers.
  • UK consumers have lost hundreds of millions of pounds from cryptocurrency criminals.
  • Most cryptocurrency exchanges in the UK are not regulated.

    References

    Source Information: