Santander to limit crypto buying over fraud spike

'Large increase' in fraud

Santander will limit the amount customers can send as payments to cryptocurrency exchanges after seeing a “large increase” in fraud.

The limits will come in from 15 November, and will apply where Santander identifies payments to cryptocurrency exchanges using mobile and online banking. Customers will be restricted to a £1,000 limit per transaction, and a total limit of £3,000 in any rolling 30-day period.  These limits are applied per account.  Payments from cryptocurrency exchanges will still be able to be received into customers' accounts. Hong Kong reconsiders stance on tokenised securities and crypto ETFs In a statement, Santander said the move is in reaction to seeing in "a large increase in UK cu...