UK Banks Put More Limits on Crypto Purchases
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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."

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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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