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Chase UK will soon bar its customers from making crypto transactions due to an uptick in scams
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FILE - The logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York, Aug. 16, 2019. Chase UK, JP Morgan’s British digital bank, said Tuesday, Sept. 26, 2023, that it will bar customers from making cryptocurrency transactions starting next month — citing an uptick in scams and fraud. - photo by AP Photo/Richard Drew, File
NEW YORK (AP) — Chase UK, JP Morgan's British digital bank, says it will bar customers from making cryptocurrency transactions starting next month — citing an uptick in scams and fraud. From Oct. 16 onward, Chase customers will no longer be able to make crypto transactions using their debit card or through an outgoing bank transfer, the bank said Tuesday. “If we think you're making a payment related to crypto assets, we'll decline it,” Chase said in an email to customers.