National Westminster Bank, commonly known as NatWest Bank, allegedly blocked a crypto user’s account and flagged the user for fraud.
A Reddit user shared on the r/CryptoCurrency subreddit that NatWest blocked his account while transferring approximately £6,000 in two transactions to cryptocurrency exchange Kraken. The bank blocked both the transactions and his account and flagged it for fraud.
While raising concerns, NatWest’s representatives unblocked the user’s bank account and said that further transfers of funds to any crypto exchanges would be reverted and would block the account again.
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