UK Banks are restricting cryptocurrency purchases Nationwid | Bitcoin Insights

UK Banks are restricting cryptocurrency purchases

Nationwide is applying daily limits of £5,000 on debit-card purchases of cryptoassets, while its credit cards can no longer be used to buy crypto. HSBC said it banned customers from making crypto purchases via its credit cards from last month.

HSBC is also the settlement bank for all banks in Hong Kong, and its harsh attitude towards cryptocurrencies may have an impact on Hong Kong's new crypto policy.

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