UK - Chase's Crypto-Related Transactions Ban In UK: A Sign Of The Times — Or A Sign Of Weakness? | Benzinga
JP Morgan Chase & Co (NYSE: JPM), the prominent banking institution, decided to halt cryptocurrency-related transactions for its U.K. clientele starting Oct. 16, according to a recent communication to its users.
The bank stated, "If we think you're making a payment related to crypto assets, we'll decline it," suggesting patrons keen on crypto investments might need to explore other banking alternatives, Coindesk reported.
This move by Chase comes ahead of the much-anticipated Benzinga's Future of Digital Assets conference on Nov. 14, where such industry shifts are likely to be discussed.
Many U.K. banks have already been ...