notably caused a sharp increase in fraud reports, RPC said when sharing the findings in May, with numbers easing some at the start of 2023.
The AP also reached out to Action Fraud for statement Tuesday following Chase's decision to stop customers from making crypto transactions. 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 , respectively — while similarly citing the need to protect consumers from scams.
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