JPMorgan’s UK bank will stop customers buying cryptocurrencies from next month to combat rising numbers of criminals using digital assets to target victims.
The ban by Chase UK, which notified customers by email on Tuesday, marks a step up as British lenders try to stop their networks being used for scams and frauds.
While several banks, including HSBC and NatWest, have set restrictions on their customers’ purchases for crypto, outright bans are rare.
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