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Source: iStock/Orbon Alija Santander UK, the UK unit of banking giant Banco Santander, has placed restrictions on crypto transactions for its customers, including a £1,000 limit on individual transactions with crypto exchanges and a £3,000 limit on total monthly transactions. In a note to customers on Thursday, the bank said that it will limit the amount customers can send when they identify the receiver as a cryptocurrency exchange. It cited increasing cryptocurrency fraud as the reason for the decision.  "We want to do everything we can to protect our customers and we feel that limiting payments to cryptocurrency exchanges is the best way to make sure your money stays safe," the statement reads.  The limits, which will go into effect starting November 15, will restrict customers to a £1,000 limit per transaction, and a total limit of £3,000 a month. "We’ll be making more changes to limit or prevent payments to cryp...

Join Our Telegram channel to stay up to date on breaking news coverage Nigeria’s central bank is looking to the country’s three-wheeler taxi drivers to expedite the adoption of the eNaira a year after creating Africa’s first digital currency, while authorities across the world closely watch its every move. Drivers and passengers of the motorized rickshaws, locally referred to as Keke Napep, who use the eNaira are eligible for a 5% discount. It’s the most recent effort to revive the virtual currency, which has only attracted one in 200 citizens of the continent’s most populated nation. Many Nigerians are confused by the central bank’s concentration on cryptocurrencies because they cannot distinguish between the eNaira, which is backed by the government, and cryptocurrencies. The massive promotion of the eNaira at the same time that authorities are cracking down on cryptocurrencies has drivers of Keke Napep, the most popular mode of transporta...