NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, the bank confirmed to Cointelegraph on Thursday. "All credit and debit card transactions to Binance have been blocked. We have been limiting payments to Binance for a number of weeks," a spokesperson for NatWest said, adding that resuming Binance support will be continually under review. The representative said that the bank has seen a high level of cryptocurrency investment scams targeting its customers across retail and business banking, particularly through social media sites. "We’re temporarily reducing …

As the crypto crackdown continues in Britain, another high street bank has intensified its efforts to curtail its customers' use of digital assets. The Natwest Group has reportedly capped the daily amount its customers can send to cryptocurrency exchanges due to concerns over investment scams and fraud, according to a June 29 report from Reuters. However, it was not revealed what those new limits were in terms of fiat currency transfers. The temporary cap was imposed on June 24. The restriction targets several cryptocurrency exchanges, including Binance. The high street bank claims to serve 19 million customers in the U.K. …

Corporate clients of NatWest may soon lose their banking relationship with the United Kingdom-based lender amid recent negative cryptocurrency-related policy statements. According to a report by The Guardian, Morten Friis, the head of the bank’s risk committee, has revealed that NatWest will refuse service to business customers that accept cryptocurrency payments. Friis made the bank’s position known during Wednesday’s shareholder event, stating: “We have no appetite for dealing with customers, whether taking them on as new clients or having an ongoing relationship with people, whose main business is backed by an exchange for cryptocurrencies, or otherwise transacting in cryptocurrencies as …