Cryptocurrency Transactions Face Block by Chase UK
Citing potential fraud risks, British banking titan Chase has chosen to halt cryptocurrency-related payments from October 16th. “If we think you’re making a payment related to crypto assets, we’ll decline it,” was the message relayed to clients via email. The bank also emphasized that those intent on investing in cryptocurrencies have the liberty to switch to other banks or providers.
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Citing potential fraud risks, British banking titan Chase has chosen to halt cryptocurrency-related payments from October 16th.
“If we think you're making a payment related to crypto assets, we'll decline it,” was the message relayed to clients via email.
The bank also emphasized that those intent on investing in cryptocurrencies have the liberty to switch to other banks or providers.
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