Chase UK Limits Crypto Purchases to Protect Customers From Soaring Crypto Scams

Chase UK blocks customers from buying crypto to protect them from fraud
Fraud using crypto has surged over 40% in UK, with losses over £300 million
Crypto scams were 40%+ of reported crimes in England and Wales last year
Chase UK latest UK bank to limit crypto purchases, after NatWest and others
Bank says it aims to help keep customers' money safe amid rise in crypto scams

cnbc.com

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8/28/2023

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Chase U.K. to Block Crypto Payments Starting Oct. 16, Citing Fraud Concerns

Chase is banning crypto-linked payments for U.K. clients starting Oct. 16 due to concerns about fraud and is urging customers to use alternative banking services to invest in cryptocurrencies.

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Coinbase CEO Slams Chase UK's Crypto Transaction Ban, Urges Review of Policy

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JPMorgan Chase Reports Higher Than Expected Profits and Revenue in Q3 Despite Economic Headwinds

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JPMorgan CEO Warns Geopolitical Conflicts Are Creating Economic Risks Despite Bank Profit Gains

JPMorgan Chase CEO Jamie Dimon warns that the ongoing conflicts in Ukraine and Israel could have significant impacts on energy and food markets, global trade, and geopolitical relationships, potentially making it the most dangerous time the world has seen in decades. However, the bank managed robust loan growth and increased revenue in the third quarter, benefiting from rising interest rates and acquisitions. Other major U.S. banks, including Wells Fargo and Citi, also reported strong results driven by rising interest rates.

Topics

Posted 9/26/2023, 3:34:48 PM

Chase UK Limits Crypto Purchases to Protect Customers From Soaring Crypto Scams

Chase UK blocks customers from buying crypto to protect them from fraud
Fraud using crypto has surged over 40% in UK, with losses over £300 million
Crypto scams were 40%+ of reported crimes in England and Wales last year
Chase UK latest UK bank to limit crypto purchases, after NatWest and others
Bank says it aims to help keep customers' money safe amid rise in crypto scams

cnbc.com

Relevant topic timeline:

8/28/2023

JPMorgan Chase Updates Market Outlook, Says One Stock Could Soar 116%: Report - The Daily Hodl

JPMorgan Chase remains optimistic about the stock market despite recent dips, with limited downside projected for the crypto markets, and bullish outlooks for Telephone & Data Systems and HilleVax.

9/7/2023

JPMorgan moves into deposit tokens for settlements: Report

JPMorgan is developing a blockchain-based solution for cross-border transactions called deposit tokens, which will allow settlements between banks for corporate clients, pending regulatory approval.

9/11/2023

JPMorgan's Dimon Criticizes Bank Capital Rules, Warns of Economic Risks Ahead

JPMorgan Chase CEO Jamie Dimon criticizes stricter capital rules proposed by U.S. regulators, warning that they could impede economic growth and decrease lender investment.

9/14/2023

JPMorgan Chase Teams Up with Gusto to Offer Online Payroll, Stepping Up Fight Against Fintech Rivals

9/26/2023

Chase U.K. to Block Crypto Payments Starting Oct. 16, Citing Fraud Concerns

Chase is banning crypto-linked payments for U.K. clients starting Oct. 16 due to concerns about fraud and is urging customers to use alternative banking services to invest in cryptocurrencies.

9/27/2023

Coinbase CEO Slams Chase UK's Crypto Transaction Ban, Urges Review of Policy

10/13/2023

JPMorgan Chase Reports Higher Than Expected Profits and Revenue in Q3 Despite Economic Headwinds

10/13/2023

JPMorgan CEO Warns Geopolitical Conflicts Are Creating Economic Risks Despite Bank Profit Gains