UK Building Society Nationwide Te herzien crypto beleid te midden Van breder

A popular British lender from a major thoroughfare across the country is reassessing its cryptocurrency policy, according to a report published Tuesday by Britain’s financial news.

Countrywide, the world’s largest building society (essentially banks minus shareholders), said it planned to” monitor the cryptocurrency situation” and increase control over where its customers could become targets of fraudsters. He said measures taken would include blocking suspicious payments and providing “specific fraud alerts.”

Crypto printing in the United Kingdom
The lender joins Britain’s fast-growing financial institutions and banks, including Santander, NatWest and Barclays, which have been pressing on cryptocurrencies. Many either block crypto exchanges by shutting down transactions or strengthen their control.

British banks have never been thrilled about their customers dealing with cryptocurrency. The latest crackdown began in January when the UK regulator, the Financial Conduct Authority (FCA), imposed a ban on trading cryptocurrency derivatives, describing the products as “poorly suited” for retail customers.

The regulator followed up in March by announcing that crypto companies must now submit annual financial crime reports to the FCA, as other financial services companies must do. 

In June, the FCA boosted the rate by announcing a list of hundreds of unregistered crypto asset companies that declared risk to consumers.”

“We have a number of companies in the UK that are clearly doing business without being registered with us and they are dealing with one: banks, companies offering payment services, consumers,” said Mark Steward, head of enforcement and market oversight at the FCA. 

Banks and other financial institutions quickly reacted to the FCA’s demands for increased vigilance. 

Barclays, one of the UK’s five largest banks, announced on Monday that customers can no longer use their debit or credit cards to pay on leading cryptobirzh, bi

Join the Discussion

  • BrokerEUR/USD
    City Index 0.5pips (fixed) margin: 3.33%
    Core Spreads 0.6pips (variable) margin: 3.33%
  • Back to top