JPMorgan’s subsidiary Chase UK to restrict crypto transactions

Chase Bank, a integer slope owned by the concern slope JPMorgan, volition restrict each cryptocurrency-related transactions for its customers successful the United Kingdom.

Starting from Oct. 16, customers of Chase Bank successful the U.K. volition nary longer beryllium capable to marque crypto transactions utilizing their debit cards oregon done outgoing slope transfer, a spokesperson for the steadfast told Cointelegraph connected Sept. 26.

“Customers volition person a declined transaction notification if they bash effort to marque a crypto-related transaction,” Chase Bank said successful a statement.

According to the bank’s representative, Chase has decided to enforce caller cryptocurrency restrictions owed to an “increase successful fraud and scams related to crypto assets.”

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.