• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Santander will Block crypto Payments in 2023

by Indrajeet Giram
November 5, 2022
in Business, Crypto Regulation, Innovations, Markets, Price Analysis, World
Reading Time: 2 mins read
0
Santander will Block crypto Payments in 2023

Santander will Block crypto Payments in 2023

TwitterWhatsappLinkedin

One of the leading banks in the UK, Santander bank has been embarking to stop its customer’s access to crypto trades from the start of 2023. The bank will work on these measures in a phased manner starting from November 15th till the start of 2023. Santander bank reports announced that they will complete the cryo blockade from the bank accounts for all of its customers by the start of 2023.

You might also like

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

Microsoft Layoffs Stir Debate Over AI’s Real-World Impact

Uber’s Bold Move: 20,000 Robotaxis Coming Soon with Lucid and Nuro

Why this move by Santander bank?

Santander Bank will be stopping their customers from sending money into the cryptocurrency or making any transactions with the crypto assets in the near future in a complete manner. The bank also announced that it will soon restrict its users from buying cryptocurrencies. The mail regarding the details of the cryptocurrency exchange payment process blockage has been sent by the bank to all of its customers.

The bank is also planning to block the transaction that will be happening in the real-time manner of cryptocurrencies from the next year.The bank has announced the reason for this cryptocurrency blockage is that it wants to protect its customers by blocking any type of fast payment process through these cryptocurrency exchanges and the bank account.

Santander will Block crypto Payments in 2023
source : ledgerinsights.com

The bank has not announced any alternative mechanism for the crypto investment at this moment for all its present crypto enthusiast customers. The bank also wants to help its customers from all types of crypto trades in the form of transactions through cryptocurrency exchanges.

As per the recent announcement by the Santander bank will start limiting the transaction of crypto assets from the 15the of November. The bank noted that it will allow its customers to send not more than £1,000 per transaction and up to £3,000 per roll in a period of 30-day.

As per the bank, the new policy will be implemented on the deposits and not on the withdrawals. In the meanwhile, the customers will be able to get their payments from the cryptocurrency exchange accounts. As per the bank reports, Santander wants to increase the harsh and restrictive rules for payments to cryptocurrency platforms in the near future too. The detailed report of our Santander’s roadmap for the same is not disclosed yet.

As a part of the blockage of the cryptocurrency payment and exchange Santander had blocked the cryptocurrency exchange platform Binance in 2021 after getting a response from the financial conduct authority. Along with the recent blockade measures Santander will also continue to block the transaction from balance. 

What is Santander bank?

Santander bank is the 6th largest bank in the UK. as per one report by statistica, in 2021, the bank was having total Assets of €287 billion which comprises $286 billion.

 

Tags: # crypto amendment#Binance NFT#Changpeng Zhao#CryptoMarket#santander bankBinance
Tweet54SendShare15
Previous Post

How to change twitter handle

Next Post

After being fired, Twitter employees are getting paid, check out the amount

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

by Anochie Esther
July 20, 2025
0
JFSL

In a landmark move poised to reshape India's insurance landscape, Jio Financial Services Ltd (JFSL) and Germany-based Allianz Group have entered into a binding agreement to form a...

Read more

Microsoft Layoffs Stir Debate Over AI’s Real-World Impact

by Anochie Esther
July 20, 2025
0
Microsoft

A recent Reddit post has sparked a wave of concern and discussion across the tech industry, revealing a Microsoft software engineer was abruptly laid off via a “cold...

Read more

Uber’s Bold Move: 20,000 Robotaxis Coming Soon with Lucid and Nuro

by Samir Gautam
July 19, 2025
0
Uber’s Bold Move: 20,000 Robotaxis Coming Soon with Lucid and Nuro

Uber is taking a major leap into the future of transportation. The ride-hailing giant just announced a massive new partnership with electric carmaker Lucid Motors and autonomous driving...

Read more
Next Post
Twitter

After being fired, Twitter employees are getting paid, check out the amount

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?