News Explorer — JPMorgan Chase UK Will Ban Crypto Transactions Over Scams

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Sep 26, 4:38 pm

Blockworks

JPMorgan Chase UK Will Ban Crypto Transactions Over Scams

JPMorgan Chase UK has announced a ban on crypto transactions starting from October 16. The ban includes bank transfers, debit card transactions, and wire transfers to crypto exchanges. The decision was made in response to an increase in crypto scams targeting UK consumers, with consumer losses connected to fraud surpassing £300 million.

JPMorgan Chase UK has announced a ban on crypto transactions starting from October 16. The ban includes bank transfers, debit card transactions, and wire transfers to crypto exchanges. The decision was made in response to an increase in crypto scams targeting UK consumers, with consumer losses connected to fraud surpassing £300 million.

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