# Chase U.K. to Block Crypto Payments Citing Fraud, Scams

Source: https://www.coindesk.com/policy/2023/09/26/chase-uk-to-block-crypto-payments-citing-fraud-scams
Kiwi News: https://news.kiwistand.com/stories/Chase-UK-to-Block-Crypto-Payments-Citing-Fraud-Scams?index=0x65130e2dae9b202ede6c8b639911fd09f55cb3ae69fc252da400a565b07f5efc234a931c
Submitted by basedsatoshi.eth on 2023-09-26 UTC, 2 upvotes, 0 comments

## Summary

Chase U.K. is banning crypto-linked payments made by debit card or outgoing bank transfer for U.K. clients starting Oct. 16, according to an email to customers reviewed by CoinDesk. The email says Chase will decline payments it believes relate to crypto assets, while customers remain free to use another bank or provider to invest in crypto. Chase said that fraudsters are increasingly using crypto assets to steal large sums of money, and a Chase U.K. spokesperson said the bank has seen an increase in crypto scams targeting U.K. consumers.