Does Chase UK have a crypto policy?

Chase UK isn’t the only bank that has changed its crypto policies over fraud concerns in recent years. In March, for example, British bank NatWest implemented new daily and monthly limits on cryptocurrency exchanges — of 1,000 and 5,000 pounds (about $1,200 and $6,100), respectively — while similarly citing the need to protect consumers from scams.

Are cryptocurrencies regulated in the UK?

“No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK,” the regulator added. Trading cryptocurrencies is not directly regulated in the United Kingdom, but other related activities — such as selling derivatives — do require approval.

Why did Binance suspend access to the UK crypto exchange?

Binance has suspended access to its crypto exchange for new users based in the UK, after a partnership with a third party to approve communications on its platform under new local rules was terminated by the country’s watchdog.