JPMorgan's retail arm Chase has announced that it will ban its British customers from making crypto transactions from October 16. This means that customers will not be able to buy digital assets on a Chase debit card or transfer money to a crypto site from a Chase account. The move is due to an increase in the number of crypto scams targeting UK customers, according to the bank. Other banks, including Nationwide and HSBC, have also implemented restrictions on crypto purchases for UK customers.

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