Chase Bank Bans Cryptocurrency Transactions

YS Gold

Chase Bank will ban any transactions related to cryptocurrency.

In a notice regarding this new policy, Chase Bank informed customers: “From October 16, 2023, if we think you’re making a payment related to crypto assets, we’ll decline it. If you’d still like to invest in crypto assets, you can try using a different bank or provider instead—but please be cautious, as you may not be able to get the money back if the payment ends up being related to fraud or a scam.

“We made these decisions because fraudsters are increasingly using crypto assets to steal large sums of money from people. Declining these payments is one of the ways we’re helping keep you and your money safe.”