JP Morgan’s Chase UK financial institution is bringing in a ban on cryptocurrency purchases attributable to an “enhance in fraud and scams associated to crypto belongings”.
The ban will come into impact from 16 October and can apply to all debit card and outgoing financial institution transfers.
A spokesperson for Chase UK advised Funding Week the financial institution was “dedicated to serving to maintain our prospects’ cash protected and safe”.
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They mentioned: “We’ve got seen a rise within the variety of crypto scams focusing on UK shoppers, so we’ve taken the choice to forestall the acquisition of cryp…
