Santander said in an emailed statement to Reuters on Friday that it will prohibit UK customers from sending real-time payments to cryptocurrency exchanges starting next year as part of measures to protect customers from scams. The bank will implement a block on all real-time payments to cryptocurrency exchanges made via telephone banking and in-branch payments, as well as online and mobile banking, at an unspecified point in 2023. Beginning November 15, the bank will join other UK retail banks in restricting customer transfers to cryptocurrency exchanges. Transfers to crypto exchanges via mobile and online banking will be limited to 1,000 pounds ($1,123) per transaction and 3,000 pounds total in any rolling 30-day period for Santander customers.
