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Evening Standard

Business

Simon Hunt

HISTORICAL FACTS: Santander limits bitcoin payments amid fresh crackdown on customer crypto spending - The Untold Story

Santander Crypto Bitcoin Barclays Lloyds RBS Dogecoin Binance Revolut

Banking giant Santander has restricted crypto payments for mobile banking customers (Andrew Matthews/ PA)
(Picture: PA Archive)

Santander has intensified its crackdown on customer crypto trading as the bank set fresh limits on transactions in Bitcoin and Ethereum and warned of the risks of investing in crypto assets.

From the 15^th of November, Santander mobile and online banking customers will be restricted to a £1,000 limit for individual cryptocurrency transactions and a £3,000 cap on transactions in a rolling 30-day period. Payments sent to cryptocurrency exchange Binance will continue to be blocked, while payments from cryptocurrency exchanges, including Binance, will still be permitted.

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