crypto exchangeCoinbase CEO: Chase Bank’s move to ban crypto payments is inappropriate

Coinbase CEO: Chase Bank’s move to ban crypto payments is inappropriate

According to news on September 27, Coinbase CEO Brian Armstrong posted on Sunak, as well as British MP Andrew Griffith, said Chase did not appear to respect its policy objectives (ideas).

Additionally, Armstrong advised UK cryptocurrency holders to close their Chase bank accounts.

It was reported yesterday that British banking giant Chase Bank will ban cryptocurrency-related payments for British customers from October 16. Chase said it banned crypto payments because “fraudsters are increasingly using crypto assets to steal large sums of money from people.

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

BlackRock Expands into Europe’s Cryptocurrency ETP Market with Bitcoin Strategy

BlackRock has officially entered Europe's cryptocurrency exchange-traded product (ETP)...

Dogecoin Price Surges Following Launch of Official Dogecoin Reserve

Dogecoin's price surged by more than 5% following the...

BlackRock Launches iShares Bitcoin ETP in Europe with Competitive Fee Structure

BlackRock is set to launch its iShares Bitcoin Exchange-Traded...

FOMC Rate Review Poised to Stir Crypto Market Volatility

The Federal Open Market Committee (FOMC) is set to...

MicroStrategy Eyes Retail Investors With High-Yield Bitcoin-Fueled Preferred Stock

MicroStrategy Inc. is offering investors a new form of...

Ripple CEO Declares Victory as SEC Case Ends, But Legal Battles Persist

Ripple CEO Brad Garlinghouse announced that the U.S. Securities...