Fake Musk and Bezos Crypto Ads Appear in 'Celebrity Scam Super League'

British consumers have lost hundreds of thousands to ads featuring fake crypto endorsements from A-list celebrities.

• 2023-05-31
• NatWest investment opportunity social networks Jeff Bezos unsuspecting customers Stuart Skinner

NatWest limits customers' crypto transfers, citing scam concerns

Britain's NatWest has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from "crypto-criminals", the bank said on Tuesday. From Tuesday customer transfers to cryptocurrency exchanges will be limited to 5,000 pounds ($6,088) per 30-day period, with no more than 1,000 pounds per day, NatWest said. Regulators around the world have warned of the risks of scams and fraud in the largely unregulated world of crypto trading.

• 2023-03-14
• NatWest cryptocurrency exchanges Stuart Skinner

NatWest sets £1,000 daily limit for customer crypto activities

U.K. bank NatWest said it’s imposing a daily limit of £1000 ($1,216) and a 30-day payment limit of £5000 to cryptocurrency exchanges is being implemented to help protect customers losing life changing sums of money.

• 2023-03-14
• NatWest payment limit cryptocurrency exchanges MARKET PULSE