Banco Santander is a big Spanish bank that
first entered the United Kingdom in 1988 with a fifteen-year alliance with The Royal Bank Scotland. In 2004, it began its direct commercial activity with the acquisition of Abbey National. The Bank continued to grow through acquisitions, including Bradford & Bingley and Alliance & Leicester in 2008 and 2009.
https://www.santander.co.uk/about-santander/our-historyNow it turns out that it is imposing restrictions on its customers if they want to move their money to acquire bitcoin and cryptocurrencies. The reason: they say it is to protect them, but it is clear to me that they are not telling the whole truth.
While there may be some reasonable justification for this, as there are indeed people falling victim to scams in the world of cryptocurrencies, I think the bold highlighting is the crux of the matter. People who get scammed are not usually scammed for having their cryptocurrencies in their hardware wallet, on the contrary. What really happens is they are very upset that people can keep large amounts of digital currency in their own wallets and avoid the bank.
Some people call it the
Satander Bank.
It seems like quite a reasonable stance for them to take, as many people are currently being targeted by scammers in this way - maybe you should blame those "anonymous" people in certain countries picking up the phone to commit fraud against others rather than a bank trying to protect it's customers from a rather common fraud. It is unlikely that anyone will be heavily effected by this move except for maybe traders who would generally be using a business account if they've been doing it for a while. They're saying nothing about users who store bitcoin on a hardware wallet, so I don't understand why you felt the need to jam that in on an unrelated note?