“In recent months we’ve seen a large increase in U.K. customers become victims of cryptocurrency fraud,” said the lender, adding, “The Financial Conduct Authority (FCA) has warned consumers about the risks of investing in crypto assets as money held in customers’ crypto wallets is unlikely to be protected by the Financial Ombudsman Service and Financial Services Compensation Scheme if something goes wrong.”
Source: https://www.coindesk.com/business/2022/11/03/santander-uk-puts-limits-on-payments-to-crypto-exchanges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines