National Household Mortgage Association restricts customers from buying cryptocurrencies: daily limit of £5,000

The Nationwide Building Society said in an email to members today that it has restricted the ability of customers to purchase cryptocurrencies.

Nationwide said it will not allow the use of credit cards to pay cryptocurrency exchanges and will limit purchases to £5,000 ($5,995.00) per day for adult current accounts. The agency said the move was in response to regulators' concerns about the risks of buying digital currencies.