Lately cryptocurrencyAdopting a cautious approach towards England’Steps are being taken in this direction.
According to Coindesk news, Chase Bank, the second largest bank in the UK It will ban cryptocurrency-related payments for UK customers starting October 16.
Behind this ban are concerns that fraudsters are using cryptocurrencies more frequently to steal money.
The following statements were included in the e-mail sent to customers:
“We banned cryptocurrency payments because fraudsters are increasingly using crypto assets to steal large amounts of money from people.
In this context, if we consider that you have made a payment related to crypto assets, we will reject it.
“You are free to use a different bank or provider to invest in crypto.”
One of the UK’s largest banks Nationwide Building Society had also taken a similar decision in recent months.
In the e-mail sent to its customers, Nationwide Building Society said that it restricted the buying and selling of cryptocurrencies and that the daily cryptocurrency purchase limit of customers was limited to 5,000 pounds, or $5,995.
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