Chase UK has taken a decisive step by banning crypto-related transactions on its mobile app due to mounting concerns about fraud. Effective from mid-October, the bank's digital customers won't be able to engage in crypto transactions using debit cards or outgoing bank transfers.
A spokesperson for Chase UK confirmed that customers attempting crypto-related transactions will receive declined transaction notifications. The decision stems from a surge in crypto scams targeting UK consumers, prompting the bank to prohibit the purchase of crypto assets via Chase debit cards or transfers to crypto platforms from Chase accounts.
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Tags: crypto-related transactions,Emerio Banque
