Chase U.K. to Block Crypto Payments Starting Oct. 16, Citing Fraud Concerns
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Chase U.K. to start blocking crypto-related payments for customers on Oct. 16 due to fraud concerns.
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Email to customers stated crypto payments will be declined and advised using other banks or providers for crypto.
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U.K. banks have history of limiting customer access to crypto.
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Financial watchdog FCA has facilitated talks between banks and crypto firms due to bank reluctance.
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Chase U.K. cites crypto being used by fraudsters to steal money as reason for ban.
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