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Which UK banks block cryptocurrency payments?

This doesn't mean that we block cryptocurrency payments altogether but we will restrict payments to cryptocurrency exchanges that present the highest risk of financial harm.” The UK banks that have the strictest approach to crypto are, Lloyds Banking Group ( LLOY.L ), USBC UK and Starling bank.

Is JPMorgan blocking UK customers from buying crypto assets?

Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. Chase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets.

Why did Chase UK ban crypto?

The ban by Chase UK, which notified customers by email on Tuesday, marks a step up as British lenders try to stop their networks being used for scams and frauds. While several banks, including HSBC and NatWest, have set restrictions on their customers’ purchases for crypto, outright bans are rare.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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