[ad_1]
Chase Financial institution, a digital financial institution owned by the funding financial institution JPMorgan, will prohibit all cryptocurrency-related transactions for its clients in the UK.
Ranging from Oct. 16, clients of Chase Financial institution within the U.Okay. will not be capable of make crypto transactions utilizing their debit playing cards or via outgoing financial institution switch, a spokesperson for the agency instructed Cointelegraph on Sept. 26.
“Clients will obtain a declined transaction notification in the event that they do try and make a crypto-related transaction,” Chase Financial institution mentioned in an announcement.
In accordance with the financial institution’s consultant, Chase has determined to implement new cryptocurrency restrictions attributable to an “enhance in fraud and scams associated to crypto belongings.”
It is a growing story, and additional data shall be added because it turns into out there.
[ad_2]
Source link