Santander To Block UK Transfers to Crypto Exchanges in 2023

• The sum of UK customers who have fallen victim to crypto fraud has increased significantly.
• Contextually, Santander announced to limit all crypto exchange transactions.
• Santander bank’s mobile and internet transactions will be limited to £1,000 and £3,000

The Spanish Bank Santander’s UK branch declared in a notice on its website that it will restrict UK clients from transferring real-time payments to crypto exchanges. From November 15 onwards, the bank will take protective measures to safeguard customers from fraud.

#cryptonews: The U.K. unit of banking giant Banco Santander (BME:SAN), Santander UK, notified customers on Thursday of a $1,000 limit on individual transactions with #crypto exchanges and a $3,000 limit on total monthly transactions.