British Bank Santander to Censor Transfers to Crypto Exchanges

The U.K bank Santander will prevent its customers from sending real-time transfers to cryptocurrency exchanges starting next year.  The prohibition aims to protect customers from scams and fraud, as well as the general risks associated with crypto investing.  Banks Blocking Bitcoin Purchases? In a notice published to its website on Friday, Santander said that certain new limits would be imposed starting next week. These include a £1,000 limit per transaction when using online or mobile banking, and a £3000 limit…

Understanding the Role of FCA in the Regulation of Crypto-Assets

Financial Conduct Authority (FCA) is considered relatively new in the financial service sector. It has been less than a decade since the regulator took over from its predecessor Financial Services Authority (FSA), in 2013. Such a transition is bound to cause some confusion on the scope of the regulatory measures in place. The broad and complex world of crypto assets and its evolving market is critical in defining what falls under FCA regulations. As a consumer, you need to be…