NFT News Daily TheBittimes.com

According to a customer email, Chase Bank is set to stop Crypto -related debit card payments and bank transfers for UK clients next month. As reported by CoinDesk, Chase will become the latest in a long line of UK banks to impose such measures as financial institutions in the country seek an effective way to tackle the rising rates of crypto-related fraud. The new measures will reportedly come into effect on October 16.  In the email, Chase says, “If we think you’re making a payment related to crypto assets, we’ll decline it.” It went on to tell customers that they’re welcome to take their business elsewhere. A spokesperson for Chase said, “ We’ve seen an increase in the number of crypto scams targeting UK consumers , so we have taken the decision to prevent the purchase of crypto assets on a Chase debit card or by transferring money to a crypto site from a Chase account,” (via CoinDesk). Despite the Financial Conduct Authority (FCA) seeking to open ...

Former Boris Johnson campaign manager and current member of the House of Lords, James Wharton, is under scrutiny for working with a UK crypto lobbying firm while also acting as chair for a higher education regulator.  The former Tory member of parliament currently runs Northpoint Strategy, a public affairs firm that focuses on highly-regulated and emerging technologies, including blockchain and digital assets. Northpoint currently manages the UK Cryptoasset Business Council (UKCBC), a lobbying group representing “the political interests of the UK’s crypto-economy.” The Guardian has obtained evidence of the UKCBC lobbying for crypto-friendly regulation by writing to civil servants and ministers while arranging meetings (even a Christmas party) with members of the Treasury and senior ministers.  The UK CBC is a staunch advocate of the UK becoming the next Crypto hub . The firm’s executive director, Simon Jennings, recently wrote an article appealing to a potential f...