Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Chase Bank to ban cryptocurrency-related payments for UK users starting October 16
2023-09-26 12:29
Odaily News British banking giant Chase will ban cryptocurrency-related payments for British customers from October 16, according to an email sent to customers. “If we believe you are making a payment related to a crypto asset, we will reject it,” the email said, adding that customers are free to use a different bank or provider to invest in cryptocurrencies. Chase said it banned crypto payments because fraudsters are increasingly using crypto assets to steal large sums of money from people - a reason cited by other British banks that have previously imposed similar restrictions. (CoinDesk)