The post Chase Will Block Crypto Payments for UK Customers! appeared first on Coinpedia Fintech News
Chase, the U.S. banking giant, has notified its U.K. customers that they will not be able to make payments related to cryptocurrency using their debit cards or outgoing bank transfers starting October 16. The move follows similar measures by other U.K. banks that have cited increasing fraudsters’ use of cryptocurrencies. The Financial Conduct Authority has acknowledged the financial sector’s reluctance to offer cryptocurrency services, leading it to facilitate discussions between lenders and crypto firms. Customers who wish to invest in cryptocurrency have been advised to use a different bank or provider.
Source: https://coinpedia.org/crypto-live-news/chase-will-block-crypto-payments-for-uk-customers/