{"id":1241,"date":"2021-04-21T17:54:38","date_gmt":"2021-04-21T15:54:38","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/04\/21\/natwest-will-refuse-business-customers-who-accept-cryptocurrencies\/"},"modified":"2021-04-21T17:54:38","modified_gmt":"2021-04-21T15:54:38","slug":"natwest-will-refuse-business-customers-who-accept-cryptocurrencies","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/04\/21\/natwest-will-refuse-business-customers-who-accept-cryptocurrencies\/","title":{"rendered":"NatWest will refuse business customers who accept cryptocurrencies"},"content":{"rendered":"<p>Head of the lender\u2019s risk committee categorised cryptocurrencies as \u2018high risk\u2019 <\/p>\n<p>NatWest will refuse to serve business customers who accept payment in cryptocurrencies like <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/jan\/11\/what-bitcoin-why-many-people-buy-cryptocurrency-financial-regulator\">bitcoin<\/a>, which the UK lender has categorised as \u201chigh risk\u201d.<\/p>\n<p>Morten Friis, a NatWest board member and head of its risk committee, said the bank was taking a \u201ccautious approach\u201d to cryptocurrencies, and would closely monitor any change in tone from the UK regulator, which has warned that consumers <a href=\"https:\/\/www.theguardian.com\/business\/2021\/jan\/11\/bitcoin-be-prepared-to-lose-all-your-money-fca-warns-consumers-risk-productis-cryptoassets\">stand to lose all their cash<\/a> by investing in crypto assets.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/apr\/21\/natwest-will-refuse-to-serve-business-customers-who-accept-cryptocurrencies\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/f55147aa9308cb3fbfe09b1a5cebcd6a13390c3b\/0_77_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=06896a0106d0293f04d687251cd418cb\" title=\"NatWest will refuse business customers who accept cryptocurrencies\" \/>Head of the lender\u2019s risk committee categorised cryptocurrencies as \u2018high risk\u2019<br \/>\nNatWest will refuse to serve business customers who accept payment in cryptocurrencies like bitcoin, which the UK lender has categorised as \u201chigh risk\u201d.<br \/>\nMorten Friis, a NatWest board member and head of its risk committee, said the bank was taking a \u201ccautious approach\u201d to cryptocurrencies, and would closely monitor any change in tone from the UK regulator, which has warned that consumers stand to lose all their cash by investing in crypto assets. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Head of the lender\u2019s risk committee categorised cryptocurrencies as \u2018high risk\u2019 NatWest will refuse to serve business customers who accept payment in cryptocurrencies like bitcoin, which the UK lender has categorised as \u201chigh risk\u201d. Morten Friis, a NatWest board member and head of its risk committee, said the bank was taking a \u201ccautious approach\u201d to &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2021\/04\/21\/natwest-will-refuse-business-customers-who-accept-cryptocurrencies\/\"> <span class=\"screen-reader-text\">NatWest will refuse business customers who accept cryptocurrencies<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":1242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1241"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=1241"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/1242"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=1241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=1241"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=1241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}