NatWest, a bank that explicitly restricted crypto-related transactions post-SVB,now requires prior notice for withdrawals over £2000, as well as an interview and "documentation" like an invoice. It now seems clear crypto was made a scapegoat for ailing an

Traders who are in know who may vaguely remember the name NatWest. NatWest is a UK bank who gained a prominent media name in the face to the fallout of collapse of Silicon Valley bank. There was an initial attribution of blame to crypto by media, as Silvergate was the first to collapse, who mainly service crypto firms, a narrative them is now mostly dissolved and has been thoroughly dismantled by the real facts and reality. Regardless, NatWest limited daily crypto transactions to 1200 pounds(Nationwide and HSBC also limited crypto transactions) and specifically referenced use of cryptocurrency by cybercriminals and this being an attempt for "customer protection". Recent events put this into heavy doubt.

This is a notice posted on the door of the bank:

​

https://preview.redd.it/b31y0dh72k6b1.png?371&format=png&auto=webp&s=9f6b6af7d92d1484424ebc07e4b3c6add4796816

The essence of it is that "large" withdrawals, being >2000 pounds) must be made known to the bank 24 hours in advance. In addition, customers may be questioned on the nature of the withdrawal and provide supporting documentation(like an invoice).

How. And why. Are you being interviewed to withdraw your own money?. Even with clear proof that you are who you say you are(multiple id's. photo etc). And then the gall to require supporting documentation. You need an INVOICE to withdraw your own money?

It has become clear the crypto was just a scapegoat. There is no way they limit crypto for "customer protection". And now just weeks later also limit withdrawals also for "customer protection". You don't have to be a genius to see what has happened here.

https://www.bbc.com/news/technology-64954119