One of the UK’s largest retail financial institutions, Nationwide Building Society, is to review its policies around digital currency, in a move that could see further scrutiny for customers engaging with cryptocurrencies through Nationwide accounts.

The high-street lender, the largest building society in the world, becomes the latest major institution to tighten up its approach to digital currencies, following moves from the Financial Conduct Authority (FCA) to introduce stricter rules around the use of digital currencies.

Among the actions that will now be taken by the institution are blocking payments that are deemed suspicious, as well as issuing targeted scam warnings to those thought to be most at risk from fraud and other forms of criminality.

In announcing the revisions to its digital currency policies, Nationwide joins the likes of Santander, NatWest, and Barclays in applying pressure to those who engage with digital currencies through…

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