Chase UK, JP Morgan’s British digital bank, says it will bar customers from making cryptocurrency transactions starting next month citing an uptick in scams and fraud. From October 16 onward, Chase customers will no longer be able to make crypto transactions using their debit card or through an outgoing bank transfer. This decision was made to help keep customers and their money safe, Chase said, pointing to increases in crypto fraud-related losses reported by U.K. regulators in the last year. JPMorgan Chase launched its U.K.-based digital bank under the Chase name back in September 2021. As of May of this year, Chase now had more than 1.6 million customers in the U.K.
Chase UK will soon bar its customers from making crypto transactions due to an uptick in scams
local10.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from local10.com Daily Mail and Mail on Sunday newspapers.
Chase UK will soon bar its customers from making crypto transactions due to an uptick in scams
springfieldnewssun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from springfieldnewssun.com Daily Mail and Mail on Sunday newspapers.