Britain's Nationwide curbs cryptocurrency purchases by customers


FILE PHOTO: Signage outside a Nationwide Building Society in London, Britain, May 22, 2019. REUTERS/Hannah McKay

LONDON (Reuters) - Britain's Nationwide Building Society has restricted customers' ability to buy cryptocurrencies, the lender said in an email to its members on Thursday.

Nationwide said it will not allow payments to crypto exchanges using credit cards and will limit adult current accounts to 5,000 pounds ($5,995) of purchases per day.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

AI-generated 'Fruit Love Island' takes TikTok by storm
Kremlin's drive for a state-backed messenger touches a nerve for some
Chromebook remorse: Tech backlash at schools extends beyond phones
A US$280mil crypto hack exposes a human weak link in DeFi
Doctors couldn’t help them. They rolled the dice with AI.
US job-cut announcements in tech keep rising with AI adoption
Infinix launches Smart 20 smartphone with 6.78in screen, priced from RM399
Systems that let drivers take their hands off the wheel don't improve safety, NTSB head says
Europe pushes for a gentler Internet for children
Microsoft to invest $10 billion in Japan for AI and cyber defence expansion

Others Also Read