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It is reported that according to a Bloomberg message, HSBC and Nationwide Building Society have strengthened restrictions on UK retail customers\’ access to enc…
It is reported that according to a Bloomberg message, HSBC and Nationwide Building Society have strengthened restrictions on UK retail customers’ access to encrypted assets. Nationwide Building Society has informed customers that Nationwide’s daily limit for the purchase of encrypted assets by debit card is 5000 pounds (5965 dollars), and its credit card can no longer be used to purchase encrypted assets. HSBC said that from last month, it banned customers from purchasing cryptocurrency through its credit card. HSBC said in an email statement: “This is because customers may face risks”. Both banks mentioned the warning issued by the Financial Conduct Authority, which has listed cryptocurrency as high-risk for many years.
Bloomberg: HSBC and Nationwide prohibit UK customers from purchasing cryptocurrency through credit card
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