Two of the U.K.’s largest banks have imposed further restrictions on their customers’ ability to acquire cryptocurrencies.

British banks have continued to crack down on their customers’ cryptocurrency purchases. According to a Bloomberg report, Nationwide and HSBC are the latest U.K. banking giants to impose new limits on their customer’s cryptocurrency purchases via debit cards and end purchases with credit cards.

“Nationwide is applying daily limits of £5,000 ($ 5,965) on debit-card purchases of cryptoassets, the building society informed customers on Wednesday, while its credit cards can no longer be used to buy crypto. HSBC said it barred customers from making crypto purchases via its credit cards from last month,” reads the report. HSBC states that the decision is due to alleged financial risk to customers.  Read more...