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Market Update (October 10 2023)Chase Bank UK justifies its decision to prohibit crypto payments by citing the prevalence of crypto assets in facilitating large-scale fraudulent activities. New JPMorgan Chase Institute research reveals that crypto ownership has surged over the last five years, rising from just 3% before to 13%. From Oct. 16 onward, Chase customers will no longer be able to make crypto transactions using their debit card or through an outgoing bank.
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