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Brian Armstrong, CEO of major United States-based cryptocurrency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict… ....
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. ....
An anonymous reader writes: Chase UK, JPMorgan s UK Bank, has told its customers that it will not carry out transactions related to crypto assets. The Financial Times writes: JPMorgan s UK bank will stop customers buying cryptocurrencies from next month to combat rising numbers of criminals usin. ....
Jpmorgan Chase UK To Block Crypto Payments From Clients Amid Fraud Concerns, Says 'Making A Payment, We'll Decline It' menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.