Nationwide Building Society and HSBC Holdings plc (NYSE: HSBC) implemented new limits on retail customers’ access to cryptocurrency assets, following industry scandals and regulatory warnings.
What Happened: Nationwide Building Society announced Thursday it would be applying daily limits of £5,000 ($5,965) on debit-card purchases of cryptocurrency assets, and will no longer allow credit cards to be used for crypto purchases.
HSBC Holdings has barred customers from making crypto purchases via its credit cards since last month.
“This is because of the possible risk to customers,” HSBC said in an emailed statement to Bloomberg.
Both banks cited warnings issued …
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