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Is Chase Banning Bitcoin-Related Bank Account Activity?

Avatar newsbtc 6 years ago

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Here’s some food for thought. A poster on Reddit created this thread on Monday claiming that Chase bank is banning bitcoin-related activity.

That’s according to a company representative, who had the following to say (paraphrased):

Chase is banning any and all activities that involve Bitcoin. Period. This includes anything relating to the buying and selling of Bitcoins, as well as anything related to mining hardware that would produce Bitcoins.

The author of the thread claims this was a “direct statement” from the person he spoke to, but that doesn’t quite make it the real deal. The company has not come forward with any official statement, and as such, the responsible thing to do is to take this with a grain of salt.

It should be noted that the author’s account was Chase’s PaymenTech product — a credit card processing platform. This does not, by any means suggest that any ordinary account holder will be scolded by the company for sending money to an exchange.

What say you?

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