Santander UK Puts Limits on Payments to Crypto Exchanges

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Santander UK Puts Limits on Payments to Crypto Exchanges
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Customers of santanderuk will face tight limits on the amount they can send to crypto exchanges beginning Nov. 15. $1K per transaction and no more than $3K per month. SteveAlpher reports

on Thursday of a $1,000 limit on individual transactions with crypto exchanges and a $3,000 limit on total monthly transactions."In recent months we've seen a large increase in U.K.

There don't appear to be any limits on monies transferred from crypto exchanges back into Santander accounts. Ominously, the bank warns of even tighter restrictions to come, saying,"We’ll be making more changes to limit or prevent payments to crypto exchanges in the future."

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