Fraud Protection

It is reported that according to a statement issued by NatWest, a large British retail and commercial bank, the bank’s account holders can transfer up to 1000 pounds ($1215) per day or up to 5000 pounds every 30 days to the cryptocurrency exchange. Stuart Skinner, director of fraud protection at NatWest, said: “We found that the number of frauds using cryptocurrency transactions has increased, so we are taking action to protect customers. NatWest Bank of the United Kingdom sets the upper limit of crypto exchange deposit for users Analysis based on this information:NatWest, a leading UK retail and commercial bank, has announced that its account holders will be restricted from transferring an excess of £1000 (approximately $1215) per day or £5000 every 30 days to cryptocurrency exchanges. The decision comes amidst a growing number of fraud cases involving cryptocurrency transactions. Stuart Skinner, Director of Fraud Protection at NatWest, stated that the bank is taking this step to protect its customers….