News Explorer — Chase UK Says It Will Ban Suspected Crypto Transactions

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Sep 26, 6:15 pm

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Chase UK Says It Will Ban Suspected Crypto Transactions

JPMorgan's retail arm, Chase, is banning its British customers from making crypto transactions starting October 16. The move is aimed at protecting customers from crypto scams, which accounted for over 40% of reported crimes in England and Wales last year. While customers can still invest in crypto assets using other banks or providers, caution is advised due to the risk of fraud or scams.

JPMorgan's retail arm, Chase, is banning its British customers from making crypto transactions starting October 16. The move is aimed at protecting customers from crypto scams, which accounted for over 40% of reported crimes in England and Wales last year. While customers can still invest in crypto assets using other banks or providers, caution is advised due to the risk of fraud or scams.

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