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Nationwide - UK Update

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by COINS NEWS 92 Views

Hi all,

This is just a quick update to say that Nationwide is now not crypto-friendly. They sent out a general email to all customers to that effect and, more irritatingly for me, have shut down all my accounts. They've provided no reason for doing so, but given that they did an 'account review' and asked about money going to Kraken, it's fair to say that was the reason.

So, pretty irritating but there you go - I don't suppose they have strong feelings one way or the other, but are future proofing re. possible laws & regulations.

Edit: Since this has come up in comments a bit - they didn't shut them down instantly. They've given me 2 months to move, but the accounts are shutting down at that point. My apologies for any confusion.

submitted by /u/Donkey_Launcher
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