Is Chase Banning Bitcoin-Related Bank Account Activity?

Is Chase Banning Bitcoin-Related Bank Account Activity?

Here's some food for thought. A poster on Reddit created this thread on Monday claiming that Chase bank is banning bitcoin-related activity. That's according to a company representative, who had the following to say (paraphrased): Chase is banning any and all activities that involve Bitcoin. Period. This includes anything relating to the buying and selling of Bitcoins, as well as anything related to mining hardware that would produce Bitcoins. The author of the thread claims this was a "direct statement" from the person he spoke to, but that doesn't quite make it the real deal. The company....


Related News

A Possible Digital Currency Scam is Using JPMorgan's Branding

A possible cryptocurrency scam is using JPMorgan & Chase's branding - and the bank isn't happy about it. In a message posted to its Chinese-language website, JPMorgan disavowed any relationship with the so-called "JPMCoin" or "Morgan Dollars", a virtual currency currently being pitched via Chinese social media platforms. The bank said in the statement: "JPM Coin is not a product of JPMorgan Chase nor of any of its affiliates in China or elsewhere. JPMorgan Chase has not authorised any virtual currency (of this type or similar in any way). JPMorgan Chase has not authorized references to....

Bitcoin-first Compass Mining Accounts Shut Down By Banking Giant Chase

Via his Twitter account, co-founder and CEO of Compass Mining, a company that offers Bitcoin mining host services and hardware, Whit Gibbs reported that U.S. bank JP Morgan Chase closed their accounts. At the time of writing, the financial institution hasn’t provided a reason that justifies the decision. Following the incident with Chase bank, Gibbs […]

Chase Bank Bans Crypto Payments Amid Soaring Fraud Risks From October 16

JPMorgan’s British retail bank, Chase Bank, has recently revealed plans to ban cryptocurrency-related payments for its British customers starting from October 16, according to a report by Reuters. The decision comes as the banking giant seeks to address the “mounting concerns” surrounding fraud and scams associated with cryptocurrencies. Chase Bank Shuts Door On Crypto Transactions […]

Crypto Collision: Coinbase’s CEO Brian Armstrong Challenges Chase UK’s Sudden...

Earlier this week, JPMorgan Chase UK, a standalone digital banking entity in the UK since 2021, delivered surprising news. They announced that their customers would no longer have the option to purchase crypto using Chase UK debit cards or via bank transfers. While such decisions aren’t entirely unprecedented, the rationale provided by the bank, concerns […]

U. S. Lawmakers Push Anti-Privacy Cyber Legislation After JPMorgan Chase Bank Hack

Last week, JPMorgan Chase Bank revealed that cyberattacks compromised the personal information of 76 million households along with seven million small businesses. This attack on a major bank pushes it to be one of the largest successful attacks of its kind. "The data breach at JPMorgan Chase is yet another example of how Americans' most sensitive personal information is in danger," Sen. Ed Markey, D-Mass., said in a press release Thursday. "It is time to pass legislation to protect Americans against these massive data breaches." Unlike the attacks on Home Depot and other fiat retailers,....