{"id":360452,"date":"2023-09-26T15:00:02","date_gmt":"2023-09-26T14:00:02","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=360452"},"modified":"2023-09-26T14:26:35","modified_gmt":"2023-09-26T13:26:35","slug":"chase-to-block-uk-customers-crypto-related-transactions-from-october-16","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chase-to-block-uk-customers-crypto-related-transactions-from-october-16\/","title":{"rendered":"Chase to block UK customers crypto-related transactions from October 16"},"content":{"rendered":"<p>Digital banking giant Chase U.K. said it will &#8220;decline&#8221; crypto-related payments made by its users starting October 16.<\/p>\n<p>In emails sent to customers and obtained by <em>CryptoSlate<\/em>, the bank stated that its decision would help its users keep their &#8220;money safe from frauds and scams&#8221; as fraudsters increasingly relied on cryptocurrencies to steal from people.<\/p>\n<p>The bank added:<\/p>\n<blockquote><p>&#8220;If you'd still like to invest in crypto assets, you can try using a different bank or provider instead &#8211; but please be cautious, as you may not be able to get the money back if the payment ends up being related to fraud or a scam.&#8221;<\/p><\/blockquote>\n<p>Chase U.K. has yet to respond to <em>CryptoSlate's<\/em> request for comment as of press time.<\/p>\n<p>It should be noted that Chase U.K. is a subsidiary of the blockchain-friendly financial giant J.P. Morgan. J.P. Morgan started offering clients <a href=\"https:\/\/cryptoslate.com\/jp-morgan-starts-offering-euro-transfers-with-jpm-coin-payment-system\/\">access<\/a> to its blockchain-powered payment platform for European transactions in June. Additionally, there are <a href=\"https:\/\/cryptoslate.com\/jp-morgan-considering-a-new-blockchain-based-settlement-token\/\">indications<\/a> that the bank is exploring the development of a unique blockchain-based digital deposit token, distinct from its existing JPM Coin.<\/p>\n<p>Meanwhile, Chase's decision follows a <a href=\"https:\/\/cryptoslate.com\/natwest-introduces-transaction-limits-to-protect-against-crypto-criminals\/\">similar trend<\/a> taken by several high-profile U.K. banks, including HSBC, Nationwide, and Banco Santander, following the FTX's collapse last year. The banks cited the Financial Conduct Authority's (FCA) <a href=\"https:\/\/cryptoslate.com\/fca-bans-referrals-joining-bonuses-as-uk-tightens-crypto-regulation\/\">warnings<\/a> about crypto as high-risk investment assets for their decisions.<\/p>\n<p>The FCA recently <a href=\"https:\/\/cryptoslate.com\/uks-financial-conduct-authority-issues-final-warning-about-upcoming-marketing-and-disclosure-rules\/\">introduced<\/a> stringent regulatory measures requiring crypto companies to follow specific guidelines before promoting their products within the region. According to the regulator, these rules would protect consumers from investing in crypto assets that do not match their risk appetite.<\/p>\n<p>Outside of the U.K., several traditional banks are also limiting their customers' access to crypto. In Australia, the Commonwealth Bank of Australia, ANZ, and <a href=\"https:\/\/cryptoslate.com\/australias-oldest-bank-bans-payments-to-binance\/\">Westpac<\/a>\u00a0have imposed restrictions on transactions to cryptocurrency exchanges due to the prevalence of scams in the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital banking giant Chase U.K. said it will &#8220;decline&#8221; crypto-related payments made by its users starting October 16. In emails sent to customers and obtained by CryptoSlate, the bank stated that its decision would help its users keep their &#8220;money safe from frauds and scams&#8221; as fraudsters increasingly relied on cryptocurrencies to steal from people. [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":360462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76747,60208],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chase to block UK customers crypto-related transactions from October 16<\/title>\n<meta name=\"description\" content=\"Banking giant Chase UK said it is banning its users from making crypto-related transactions from October 16.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/chase-to-block-uk-customers-crypto-related-transactions-from-october-16\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chase to block UK customers crypto-related transactions from October 16\" \/>\n<meta property=\"og:description\" content=\"Banking giant Chase UK said it is banning its users from making crypto-related transactions from October 16.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chase-to-block-uk-customers-crypto-related-transactions-from-october-16\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-26T14:00:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-26T13:26:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/09\/chase-uk-crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/chase-to-block-uk-customers-crypto-related-transactions-from-october-16\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chase-to-block-uk-customers-crypto-related-transactions-from-october-16\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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