With over $220 million lost to scammers through cryptocurrency in 2022^, we’re introducing new measures to help protect our customers from the risk of fraud and scams.
From 7 November 2023, we may limit the amount you can pay to certain accounts or merchants, for example those we believe to be associated with cryptocurrency exchanges, to no more than $10,000 in total from all of your accounts each calendar month.
this change will happen automatically, you don’t need to do anything. If we decline a payment, you will receive a notification on the payment confirmation screen
I'm not surprised by this and technically I'm not directly affected (yet) since I don't send that much to exchanges each month but it does piss me off that the bank is telling people what they can and can't do with their money. It's also disheartening that it's another piece of FUD getting in the way of people understanding Bitcoin.
If anything it makes me want to buy more Bitcoin. Yet another sign that the money in the bank isn't really yours. Another sign that banks are not you friend. They are not here to help you and big brother is watching.