UK Bank TSB Bans Customers From Buying Crypto: Report Craig
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TSB Bank, a retail and commercial bank in the UK, is reportedly barring its customers from buying cryptocurrencies over fraud concerns, The Times has learned. The bank blocks clients from sending money to cryptocurrency exchanges like Binance or Kraken, as it believes bad actors can set up digital wallets and steal people's money.

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According to TSB, almost 850 savers lose money to scammers with Binance accounts between March 15 and April 15. TSB said that the exchange sent no response after it tried to raise concerns. Meanwhile, Binance claims it has never received any messages from the bank.

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TSB's move follows National Westminster Bank (also known as NatWest) decision to stop serving business clients that accept payments in cryptocurrencies. The UK-based bank said it considers cryptocurrencies as "high risk" assets, which is why it has "no appetite for dealing with customers" that accept cryptocurrencies.

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