JP Morgan's Chase UK bank is bringing in a ban on cryptocurrency purchases due to an "increase in fraud and scams related to crypto assets". The ban will come into effect from 16 October and will apply to all debit card and outgoing bank transfers. A spokesperson for Chase UK told Investment Week the bank was "committed to helping keep our customers' money safe and secure". US court rules SEC improperly rejected bitcoin spot ETF They said: "We have seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the purchase of cryp...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
