NatWest Group plc (NWG)

NatWest to limit customers’ crypto payments

NatWest, one of the UK’s largest consumer banks, announced restrictions on consumers sending money to cryptocurrency exchanges to “help protect consumers losing life changing sums of money”. Paysafe, an online payments provider, also said it would wind down services to UK customers of Binance, the world’s largest crypto exchange. The moves represent a further fraying of the connections between crypto and regulated institutions following the demise of US trio Silicon Valley Bank, Silvergate Capital and Signature.