> We've made this decision because fraudsters often use crypto assets to steal large sums of money from people. Blocking these payments is one of the ways we help keep you and your money safe.
Doesn't really seem that unreasonable, but I definitely have mixed feelings. I mean, if it's my money and I can confirm it's where I want to send it, my bank should send it, full-stop.
You could argue it's an excuse, since technically cryptocurrency competes with traditional bank transfers, but the fact is that it's actually pretty plausible and I'm not sure what this says about banking systems that it is.
https://www.chase.co.uk/gb/en/support/crypto/
> Why don't you allow crypto asset payments?
> We've made this decision because fraudsters often use crypto assets to steal large sums of money from people. Blocking these payments is one of the ways we help keep you and your money safe.
Doesn't really seem that unreasonable, but I definitely have mixed feelings. I mean, if it's my money and I can confirm it's where I want to send it, my bank should send it, full-stop.
You could argue it's an excuse, since technically cryptocurrency competes with traditional bank transfers, but the fact is that it's actually pretty plausible and I'm not sure what this says about banking systems that it is.