JPMorgan’s Chase UK bans crypto transactions amid surge in scams
JPMorgan’s digital bank Chase will restrict all cryptocurrency-related transactions for its customers in the UK, as lenders step up measures to tackle fraud on their networks. Starting 16 October, customers of Chase Bank in the UK will no longer be able to make crypto transactions using their debit cards or through outgoing bank transfers. Chase, which offers fee-free banking via its mobile app, has reportedly amassed more than 50 million active users worldwide. The latest restrictions will only impact its UK customer base, representing some 1.6 million people. “If we think you’re making a payment related to crypto assets, we’ll…
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Source:: The Next Web
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