JP Morgan Halts Crypto Transactions
JP Morgan’s subsidiary, Chase, which is active in the UK and specifically in the retail banking sector, decided to stop crypto transactions for their clients.
This move became active under the fear of new crypto scams and will take place from October 16th and on.
This practically means that Chase’s clients won’t be able to transfer any capital from and to cryptos exchanges, either from e-banking or through any debit or credit cards.
Chase is not the first bank that moves towards this direction. Banks like NatWest and Santander (for the UK clients) have already made a similar move for transactions with crypto exchanges.
From that point and on, we will speak for crypto friendly banks and for crypto enemy banks…..
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