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

U.K.'s NatWest Bank Limits Crypto Purchases to £1,000 Per Day

Citing massive consumer losses to crypto scams, the bank also applied a £5,000 maximum every 30 days on digital assets purchases, as signs of a broader U.K. crypto crackdown loom.

• 2023-03-15
• NatWest Bank Apple Podcasts U.K. 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