Nationwide Building Society and HSBC Holdings Plc have reportedly prohibited retail customers from purchasing cryptocurrencies with credit cards. This decision came as a response to warnings issued by the UK Financial Conduct Authority (FCA) and recent scandals in the crypto industry. Nationwide has also set a daily limit of £5,000 ($5,965) on debit-card purchases of crypto assets. Other banks in the UK, such as Santander, Natwest Group, and Lloyds Banking Group, have similarly imposed restrictions on cryptocurrency services, most notably on the crypto exchange Binance.