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

Ethereum Faces Resistance at $4,000, But Bullish Indicators Suggest Continued Gains

Ethereum has encountered resistance at the $4,000 mark, stalling...

Solana Gains Ground on Ethereum in Q4 2024, Positioned for DeFi Dominance

As 2024 comes to a close, Solana and Ethereum...

Institutional Interest in Ethereum Grows as Spot ETFs See $145 Million Inflow

Ethereum spot ETFs are witnessing a surge in institutional...

Institutional Confidence Drives Bitcoin to Record Highs Amid Surge in ETF Inflows

Bitcoin has reached new record highs, with institutional confidence...

Bitcoin Hits Record $108,000 as Bull Run Continues into 2024

Bitcoin reached a new all-time high of $108,000 on...

Ohio Bill Proposes Bitcoin Integration into State Financial Plan

Ohio lawmakers are considering a groundbreaking proposal to incorporate...