Bitcoin Forum

Other => Off-topic => Topic started by: VicManton on September 26, 2023, 02:10:26 PM



Title: Crypto Regulation In The UK: What is The Way Forward after Chase Bank Ban?
Post by: VicManton on September 26, 2023, 02:10:26 PM
The regulations in cryptocurrency trading have seemed to be at its peak again. Just recently, Cash Bank has announced its banning all cryptocurrency-related payments starting October 16th.
How will crypto traders in this region continue to cope and trade well after the suspension?
Please someone should share with me their thoughts, I'm an active trader that makes a living from it.

https://www.coinpedia.org/news/chase-bank-takes-a-stance-no-more-crypto-payments-for-uk-clients/amp (https://www.coinpedia.org/news/chase-bank-takes-a-stance-no-more-crypto-payments-for-uk-clients/amp)


Title: Re: Crypto Regulation In The UK: What is The Way Forward after Chase Bank Ban?
Post by: Iamcrypticguy on September 26, 2023, 03:53:34 PM
It's a shame that they have to halt crypto-related transactions, but according to the article you shared, they advised users to look for alternatives. I'll suggest you explore P2P services of compliance-savvy platforms like Bitget. I'm sure you'll find it to be a good alternative.


Title: Re: Crypto Regulation In The UK: What is The Way Forward after Chase Bank Ban?
Post by: Zee27 on September 26, 2023, 09:33:43 PM
There are other options they should consider to make crypto related transactions with. I'm certain there are other crypto-friendly banks out there. Revolut is one of such.