British banks, Nationwide Building Society and HSBC Holdings, have limited their customers access to the crypto market by lowering the daily amount of crypto they can purchase.
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As per a report from Bloomberg, Nationwide imposed daily limits of £5,000 (~$5,960) on debit-card crypto purchases. The bank has also barred its clients from using credit cards from crypto purchases. HSBC said in a commentary to the news media it had imposed the same limits for credit cards in February, adding that the move was made to keep its customers from the "possible risk."
Last year, the British arm of Santander, Santander UK, also decreased the amount of cash users can spend to buy crypto. The bank's customers can no longer send over £1,000 (~$1,200) per transaction or £3,000 (~$3,600) in any rolling 30-day period to crypto-related addresses.
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