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If you phone up and answer a few questions they will ease the restrictions. Unbelievable, the balls of a bank telling you what you can spend your money on

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Make sense. Santander want to prevent the oceans from boiling.

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Tl;dr: It's for your own protection. Limits: £1,000/transaction, £3,000/30days to cryptocurrency exchanges, specifically Binance.

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I wonder if you can ask for an exemption

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If you deposit from exchanges you are a climate terrorist

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