Bloomberg: HSBC and Nationwide restrict retail customers from purchasing cryptocurrencies

ChainCatcher news, according to Bloomberg, HSBC and Nationwide Building Society have tightened restrictions on retail customers' access to crypto assets last week, becoming the latest UK banks to implement restrictions following industry scandals and regulatory warnings.

Nationwide Building Society informed customers that its daily limit for debit card purchases of crypto assets is £5,000, and credit cards can no longer be used to purchase crypto assets. HSBC stated that it has prohibited customers from purchasing cryptocurrencies with credit cards since last month. Both mentioned the warning issued by the UK's Financial Conduct Authority, which has classified cryptocurrencies as high-risk for years. (Source link)