Santander, a global banking organization, has restricted all crypto payments for its UK clients. The organization highlighted regulators’ concerns about cryptocurrency fraud as justification for their decision. The bank shared that money kept in customers’ cryptocurrency wallets is unlikely to be covered by the Financial Ombudsman Service and Financial Services Compensation Scheme when something turns out badly, in a statement yesterday. The bank intends to shield its clients from the dangers of investing in digital assets. Santander UK to Protect Users from Risks Santander UK claimed to be protecting its consumers from dangers associated with crypto by restricting the number The post Santander UK Restricts Crypto Payments to Exchanges appeared first on Cryptoknowmics-Crypto News and Media Platform.
