Topic: Chase Bank New Policy On Crypto - Users Beware !!! (Read 469 times)

Why wasn't Chase Bank in a forced closure by the American financial dept. JP Morgan's paid $35B fines but they haven't had their licence repudiated. So that means they'll keep paying fines for keeping Chase Banks operating licence even if they're not taking care of customers money.

I'll just leave this here so people can determine whether they're more likely to fall victim to frauds and scams as a result of crypto, or JPM Chase themselves: 
https://www.dividend.com/dividend-education/a-brief-history-of-jp-morgans-massive-fines-jpm/   

When a company abuses their position like that at every available opportunity, it rings a little hollow when they try to sound as though they have their customers' best interests in mind.

They might have money, but they're morally bankrupt.   

Banks do more than what you've said. If Chase produces docs to prove the reasons they'll have a weak case to ban crypto. How many Chase account holders take loans to buy crypto but default on repaying. If Chase say it's dangerous levels they'll try to stop crypto. I don't agree with them. JPMorgan owns Chase Bank so it's possible they've got other reasons.

WOW, just wow.  Chase bank and the other large corrupt ass banks (Chase, Wells Fargo, Bank of America etc) are the reason I got in to cryptocurrency in the first place.  Chase now telling us what we can and can't do with our own money?! FUCK them. 

Take a look at this site  https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase  .. Chase has nearly 40 BILLION dollars in fraud violations since the year 2000.  Think about that, 40 billion dollars and Jamie Dimon is lauded as some "great ceo".  He's the ring leader of one of the most corrupt organizations on the planet!!

That's such a weird thing, I mean banks should be the companies that is most regulated because their job is literally with money. They do not actually "make" anything, they take money from one, and give it to another and deal with that, that's all their job.

So, they need hardcore regulations to make sure that 2008 type of stuff do not happen, they get billions of dollars worth of injections by the government all the time when they need it and everyone thinks it's okay because they are capable of paying it back, but nobody questions what happens if they can't, well 2008 happens when they can't. That's why we need to be a lot more careful with what we do and not really end up with anything that could result with a bad deal on the long run.

Not that shocking on which Banks or simply these institutions or simply that heavily regulated or centralized ones would really be having those kind of words but the fact that those intents are really that pretty obvious.
Trying out to scare people but at the same time they would be suggesting other payment gateway as long a certain user would be able to get in touch with crypto so that they could really be able to lock it later on?
This isnt something a new scheme and its always been like this and better to ignore.


Obsolete? It cant happen or something i should say that it would really be impossible. As long government exist then fiat system would continue or exist and if there's fiat?
then there's bank. They do integrate? They do have that choice but most likely they would really be going against with it. Better not to boggle
up yourself on whatever decisions that they would really be making because there's no much difference honestly.

They don't try to protect their customers from scams and fraudsters. It's hilarious how they decline crypto-related payments but at the same time they advice you to use another service provider but warn you that if you use them, you may lose your money and not be able to get back. Isn't this hilarious? They try to make people fear of crypto but hug their centralized service because it is politics, money and power that they want in their hands.

Banks in america absolutely hate regulations and will do everything they can to skirt them, and in a way, it helps their cause that there are absolutely incompetent people running Congress that are sympathetic to big business' profits, especially those of Wall Street since many of those politicians actually made their fortune from running these types of banks.

In this case it would be that the banks can make a nice profit off of crypto that they don't want to miss out on.

If you use CEX (and most people trade with cryptocurrencies that way), then every bank can see where the money goes and where it comes from, because if it wasn't like that, would banks implement such measures at all? It's a completely different matter if someone uses DEX and if they send and receive smaller amounts of money, but when you have large transactions to and from people who, moreover, are not in the same country and did not have any history of bank transactions before that, then every bank can request from the client to explain the reason for such transactions or even report it to the competent agencies that supervise such things.

Ordinary people have no chance of outsmarting the banks unless they completely bypass them, which is why we have Bitcoin. You can receive and send it anytime and anywhere to anyone who has a digital wallet and a unique address.

It doesn't have to be about Chase Bank. If government frameworks are introduced it'll be every American bank being forced to take action to stop cryptocurrencies growing. If American banks won't allow their customers to trade crypto from their accounts where are they supposed to go?

I 2asnt surprised to see this news because same thing also applies to transcations in my country's local bank and this is simply because the rate of scams through cryptocurrencies are already getting very alarming and banks are already doing their best to disassociate themselves from transactions related to cryptocurrencies because such transactions are always very difficult to recover and they don't want to go through the stress of wanting  to go investigate any of such transitions and I love the fact that chase bank respected their customers and even gave a very prompt notification.

I really don't think declining cryptocurrencies transactions is best but they could possibly  harge them of possible and maybe add a disclaimer that they wouldn't be held liable for any loss.

This is spot on. The thing is, these banks are going to have to adapt & allow their customers to transact with bitcoin, otherwise they will become obsolete. It’s not going to happen fast but bitcoin is going nowhere, it is going to eat up investment capital. They need to adapt or get left behind their competitors who are willing to.

Makes sense. Basically, banks will also very rarely warn consumers regarding crypto transaction funds in consumer accounts, unless the crypto transaction funds are related to drug transactions or other crimes, and even then the police come.

There are still many other bank options that are still crypto-friendly and don't mind funds from any exchange. Now it is flexible and we can use other third party platforms besides banks or before the funds enter the bank.

I personally would leave that bank and switch to another bank.

Banks can see what transactions is coming or to whom it is been sent but how will they know if the transaction is crypto related if the customer does not foolishly indicating it in the remarks option? I think anyone can send money to anyone provided you do not in any part of the transaction indicate what is meant for.

Am yet to see any bank shouldering the responsibility of a failed or terrible business deal made by their customers because beside getting scam in crypto, people also lose money in bad businesses that aren't crypto related. How many of such cases has the bank handle? If not they will go bankrupt in no time. Besides claiming to want to protect their customers, I think there is a motive behind that policy.

This "golden rule" does not make much sense with most banks, because banks can check to whom the client is sending money, and they can also see very clearly who is sending money in incoming transactions. You have countless cases where the bank has frozen or even closed the client's account because it has established that these are transactions that the bank does not approve.


Put yourself in the position of a business entity that provides a financial service, and whose clients through that same service lose money and then want you to return the money that disappeared in a scam related to cryptocurrencies. Banks definitely deal with suspicious business and are not an example of transparent and honest business, but why should banks put themselves in the role of someone who will pay for other people's mistakes?

The "Golden Rule" is to never tell your bank that your transactions have something to do with crypto. It doesn't matter if your bank is crypto-friendly or not, just don't tell them anything.
It's funny how Chase Bank tells their customers that "you won't get your money back, if the transaction is related to fraud or scam".
What they are actually telling their customers is "if you got scammed, you won't get your money back, you are screwed!".
That's weird. I have always thought that the banks should collaborate with the scam victims and try to refund their money.
This is basically a statement that the banks will collaborate with the scammers, therefore they will never refund the money of the victims of scams/fraud.

I don't see Chase Bank calling their customers fraudster but it's something they've got to tell. Their customers shouldn't have deposits or transfer rejected if they're being made from exchanging cryptos. If they're closing accounts for receiving cryptos funded deposits it's a step they shouldn't make because customers will open accounts in other banks.

That's exactly what I was thinking and I also noticed there, that you thought there was a real concern for the customers. What they say is to keep their customers away from the fraudster, but it turns out there is a motive.

Just like you mentioned, what if you transferred a large amount from the exchange via p2p to the bank, after the bank receives the money you transferred, they suddenly put a hold on your account and question you about where your money came from? think about it, it's like they are the legal fraudsters who can take advantage in reality.

They've said they'll decline payments they think you're making to crypto assets. What they didn't say was what's going to happen if they receive payments to your account from they think are from crypto assets. If you're receiving money from exchanges what are Chase Bank going to do?

AFAIK, JPMorgan coming from hating Bitcoin/crypto to making their own coin and then being positive to the Bitcoin ETF applications. But if Chase bank is just part of their conglomerates then they have to implement it. With that decision and terms, it's nothing wrong for a bank to stop their customers purchase things related to crypto. If that's the policy that they've made but at least make that clear first to all of their customers that they're not going to give any refund for any customers found doing that. That's kind of a harsh policy but then, it is their company and they're the ones making it so customers just need to follow it. Well, there's that word about just use other banks if they want to purchase crypto. 

I think what I noticed from their memo is that they are trying to reduce the rate at which cryptocurrency are being transacted among it's users, I think this is almost similar to our bank system are doing over here in my country. The truth is that they are jealous and they want people to reduce from cryptocurrency trading or payment being that it's mostly used for a larger amount of transactions instead of them using bank. Believe me or not the writer of that memo is a bitcoin holder and a trader, most of the workers over there had involved themselves one way or the other with bitcoin investment including other reputable altcoin and they are doing this to get ready for the next bull run.
Shame to them.

The bank is not a charity organization that will just refund the losses customers incurred from crypto scams. Last year UK citizens lost about £306 million to crypto scams, so the bank might suffer financial problems if they try to refund funds lost to scams. The UK government has been hostile to crypto firms. This year many Bitcoin ATMs were closed by the government accusing the service providers of not getting the required license. Meanwhile, some of those ATMs have been operating for a long time. Policies like this will only give rise to underground or illegal crypto firms that will prey on greedy people. The only way to stop citizens from investing in these scam projects is through awareness. And the information might just be a simple message like "Invest only in Bitcoin".

JP Morgan stands for fraud and cheating.

Even the original J. P. Morgan was a complete cheat, using underhand tactics to get all over the stock markets and screw everyone he didn't like.

The modern day JP Morgan is no different from the original in that regard, except now they do money laundering for cartels and terrorists. They still try to get rid of entities they don't like though. That's why you see all this crap about crypto on their site, because they are looking for an alternate future where they can be it's lord.

Not really being a fan of crypto is something banks would be famous for if you ask me. It makes their entire point moot by just existing so they would of course hate it. It makes sense because they are getting less and less attention. What does a bank does to get your money? They ask you to put in your dollars and give you maybe %10 return if you are super lucky, and they make more with it.

Well, you can just put the money in bitcoin in your own wallet and you would make a bigger return overall, sure maybe not every year, but if you hold it long enough, you will. That's why it's quite important to make sure that banks make it as hard as it is for you to get it instead of helping you get some bitcoins using them.

There are still many banks that do not recognize Bitcoin or cryptocurrency, so sometimes other cryptoenthusiasts who have personal accounts in banks no longer put large amounts of savings in their banks because of this type of policy.

Others are gradually pulling out their money because they are worried that at any moment the bank can freeze their account, which will make it difficult for them to get their money that they trusted in the bank. That's why the policy that banks follow is not new to us, actually.

Yes, as you say, the title is a bit misleading. While reading the topic, I thought that the bank was in America, but it became clear after reading the comments that this decision is specific to the UK only.

In any case, I believe that even if the bank is not located in the United States, all countries and banks adhere to the ban policy imposed by the United States, not only on crypto, but also on companies, countries, and individuals, as you know when the United States imposes sanctions on Cuba, Russia, or Iran every... Countries and banks adhere to the ban.

Same thing here in Crypto, since there is a strict policy by the US towards cryptocurrencies all the banks will be very careful about cryptocurrencies.

This I think is from Chase UK but I wouldn’t be surprised if it was from USA also. Not really surprised, it was like this for years. Generally the big banks don’t like to deal with crypto. You got to use the smaller banks and you won’t have issues.

At least they warned this customer and just denied the transaction, in many cases in the past the account ended up being closed if they made any crypto transactions so at least that is good.

I don't think this has something to do with the US government or the SEC. The headline is a little misleading. If I'm not mistaken, this isn't a policy that covers all Chase banks. This is only implemented by Chase UK. The ban, therefore, is exclusive to its British customers.

I think there isn't a general order to all Chase bank branches all over the 100 countries in the world where the bank has a presence that their customers will be prohibited from making transactions related to crypto.

On another note, it's ironic that the bank's tagline is "Helping you make the most of your money." How about you give your clients a little freedom over their own money?

Kinda weird that they're doing this at the end stretch of the bear market. What are they trying to do? Cull the meek? LOL. Why issue a ban like this when you could've gone and done so years prior when bitcoin was still at its hayday? It's a little counterintuitive to stop "scammers and hackers" now that they have pretty much mellowed down when they are practically spawning like maggots years ago. I know this could come from the anti-crypto campaign that SEC and effectively all of US is under right now, and I guess it just makes sense at surface level to ban the use of cryptocurrencies in your banking institution and then lifting it once the SEC approves of it in the future, but knowing JP morgan and chase they are probably just outright hating on cryptocurrencies now lol.

I'm just not sure why many people think we're in a bear market? Guys, take a look at the graphs of each and every previous cycle. There were no major dumps roughly 6 months before the halving. You seriously think we're going below 13 or 14k during this cycle?

That's actually excellent news since we can now rely on p2p transfers rather than involving third parties in between. Imagine if everyone started to think this way then we will also have more peers joining the quest and thus making the transactions directly from wallet to wallet in the form of Bitcoin. I remember initially when this type of transfer was in boom. However, as prices increased for bitcoin things got turned into a business model. Then came the exchangers, then the third-party escrows, and now we are again on the verge of breaking this chain. All those regulatory embankments are nothing but threats to a decentralized world. It is important to note that whatever this trillion-dollar bank says, we still have a small merchant-backed business and banks or more preferably middle ways to buy and sell bitcoin. But good to know they are scared so much that they need to follow government decisions. Thats the pity of centralized work environment.

They’re free to take away services that is primarily not in their best interests. While there’s a righteous concern for these types of fraudulent transactions, they’re probably more worried about the heat and negative PR they get from ignorant customers who after realizing there’s not going to be a refund, gets angry and frustrated at the bank. Whatever their reasons may be, they’re still free to introduce and stop any service they deem necessary.
Not to worry though as they’re probably still going to be accepting payments to scammy projects with fiat.

Which part did they state they will not return any money concerning crypto transactions? There isn't any!

The bolded part on OP is crystal clear. They do not accept payment related to cryptocurrency, if some customers want to do so, they are free to choose another bank, with a caveat if the transaction is related to scam and fraud. Which is completely reasonable.

Banks are diverse enough, that the competition is widespread. Some are okay with cryptocurrency, some are not. They are free to choose any decision that affirm their reasoning, just remember that it is known that some entity that weren't accept cryptocurrency, in the future are welcoming its adoption.

In most of the cases a private bank that can do whatever they want. They do not have to accept anything like this, they could do whatever they want and this is within their rights. I may love bitcoin more than I love any other currency but that doesn't mean that we are not going to see the banks being forced to accept it, if they prefer not to accept it then that is their decision.

This could be even worse for them than anyone else, because it means that they are going to miss out on some customers and I believe that is a bad thing for them. I get that it may not be all that great but that is even worse for them than customers. We should let the banks decide what they want to do with it and not pressure them into anything they do not want to do.

Yeah sounds more like a threat than the so-called protection they claim they want to provide the gullible customers. if you are about protecting your customers why then would you not refund the money with a warning or perhaps an explanation why such a transaction should not be carried out. it is no longer news that banks are against anything crypto, control and unnecessary imposition is their motto.
Now that they have made it public, it is better for most of their customers who are dealing in crypto to stop banking with them. I believe there are better alternatives.


You made a valid point. I believe proper terms & conditions for any crypto transaction would suffice rather than what looks like a threat. It is true that many innocent users often fall victim to scams and fraudulent investments and as a result hope to get a refund from the bank probably because the transaction was made through the bank. But like you said, they would have approached such issues differently so as not to sound like declaring war against all crypto transactions with their bank.

It is clear that this is due to regulatory pressure and the United States’ hostile policy towards crypto. Banks do not have to confront the government, so they prefer to stay away from everything related to crypto.

The argument of “protecting customers from scams and fraudsters” is an empty argument that banks and the government always use to justify their hostility and hard-line policy towards crypto.

In any case, there is some positive news that could revive the market, as there was a congressional meeting yesterday with the head of the Securities Commission, and it seems that they have brought charges against him, and there are rumors about the possibility of his removal. If these rumors are true, they may relieve the pressure on Crypto and create some positivity.

The motive behind a policy is always there and if the public knows the general picture it doesn't mean it's finished. Other agendas are clearly very supportive, but if they are linked to suppressing crypto access, I don't know for sure. A JPMorgan class of company will not always be supervised by its owner, it could be that this is just an agenda to gain profits in the midst of a world economy that is currently in chaos, especially perhaps because freedom of ownership of assets is becoming increasingly unstoppable so that to minimize instability everything must be done.

@coolcoinz, thanks for the link that the OP didn't post, and now some things are much clearer considering that it's about the UK. It is evident from the article that it is not the first bank to make such a move, although some banks have only limited the amounts that clients can spend on a daily or monthly basis when it comes to cryptocurrencies.

I already wrote before that I can understand why banks decide to take such steps, because no matter how bad I think about banks, the fact is that a very large number of people invest in various scam projects, and then complain to the banks and try to return the money. Therefore, sometimes it makes sense to protect people from themselves, although I would do it in a different way.

I think that banks should educate their customers on this matter, and with every transaction that they consider to include cryptocurrencies there should be an additional warning about the risk that may arise from such a transaction. Of course, it is much easier to ban everyone from such transactions, but not everyone is equally naive and should be able to dispose of their money without restrictions.

Is this really their US branch? I've read this news 2 days ago and they were clearly saying that it's Chase UK that sent this information to clients.

LONDON, Sept 26 (Reuters) - JPMorgan's (JPM.N) British retail bank Chase will ban crypto transactions made by customers from Oct. 16 due to an increase in fraud and scams, the company said on Tuesday.
https://www.reuters.com/technology/jpmorgans-uk-bank-chase-ban-crypto-transactions-2023-09-26/

If I were in the UK and had my money in that bank, I'd use my power to vote them out, meaning I'd move to another bank. It's funny how sure of themselves they are by saying if you want bitcoin you can try with another bank. Try? I don't have to try you MOFOs! 90% of banks in the world will allow me to do it.

It's surprising that it has taken them so long to enact this sort of policy change, because crypto has now been around for 15 years roughly. This could have a damaging effect on crypto if many more banks start enforcing this type of policy, because at the end of the day many people need the liquidity of being able to convert to fiat currency and that is one of the biggest benefits required for it to be successful. I wonder if they got wind of some regulatory changes that could be coming up, or they're tired of not being able to squeeze more out of their customers who are transferring funds around without the obscene fees that these banks charge. However there will be a small percentage of customers who are falling for scams and it's impossible to get the money returned compared to regular banking networks.

They always hide behind a customer care policy. They will submit any changes in the conditions for the provision of services aimed at limiting the freedoms and opportunities of clients under this plausible pretext. Why do they even care how customers spend their money (whether they buy crypto or not)? Why do they mind their own business? If bank clients don't have the right to fully manage their money, then can they even be called owners?

These banks are not fighting any scammers, but are fighting with their clients for the right to completely own and manage their financial assets, enriching themselves at their expense.

I just read it today and really not happy about it. It's an open threat to the people which says we will decline your transaction if we suspect you are dealing in cryptocurrency and we will not return the money to you.

I mean it truly reflects the personality of what Banking system really is. It shows how unethical the banking system can be. I mean what better you can expect from Jemie!

Well, the agenda is to discourage people from using cryptocurrency as it is. They will try to give whoever tries to embrace cryptocurrency the impression that is a scam to discourage them from embracing it. Then get the governments to control it or only accept those it they can control since it is very useful .    If the one who controls the world needs to enslave people or have them depend on him,  he introduces some diseases and sell them the cure/drugs. Or fill their community with thieves and get them surveil themselves with devices they control.  This is basically how the World is made to enslave itself or lose its freedom

The scammers & fraudsters mostly attack their victims via centralized space and technology. They can be stopped but are allowed until the goal of the architect is achieved. The one who controls the world actually uses them to achieve his goal.

One of the ways the scammers (which include non-humans) attack is to monitor the online and offline world for people interested in cryptocurrency. Then they spam them with scams that can make the victims lose money. It may interest you to know that they monitor their victims through the tech built by ad companies like Google to know their interest, by for example, listening to their conversations on the internet and in real world. It's a very sophisticated surveillance system that is spread across the world. And is part of the Matrix.

In the future we hope to use decentralized solutions to minimize the issue. One the solutions is to get people transact more with reputable and/or verified anonymous users in Crypto space. It also will be possible to tag scam transactions/addresses/coins (with proofs of scams) on True Cryptocurrency like Bitcoin so people don't accept them.

Protect customers my ass. It's my money so let me use it the way I want. This is the problem with every bank. As long as they are dealing with something they can control, they are happy. The moment you choose something that they have no control over, they will flip. And as this is in the US, I don't think customer protection is the main concern here. There have been many non-crypto-related scams before, what have they done about that? Nothing.

They want to suppress cryptocurrency or more specifically Bitcoin. They have no control over Bitcoin and that makes them scared. They can't control people like they used to do with traditional money. So they will go after Bitcoin with everything they have up their sleeve. Don't be surprised if they do. That has been their plan for ages. Slowly but surely they will come after everything related to Bitcoin.

Clearly, there is a genuine reason for trying to send that message. This demonstrates that the use of crypto assets cannot be trusted, hence people's trust will go to banks. This is the only straightforward reasoning I see in other banks, particularly the one you demonstrated to OP.

Of course, many individuals are becoming aware of Bitcoin, or digital currency, at this moment. That is why other institutions continue to just attack cryptocurrencies in practice. To be honest, such concerns are nothing new to us. The beauty and domination of Bitcoin and cryptocurrencies will continue in the future.

Based on their statement they would like to support the use of crypto I guess to gain a number of investors and users to their platform they think it will be crypto-friendly but at there's a possible freeze of the account, based on their announcement they will not take back your money if they will detect as fraud so in that case if you make a transaction in other wallets possible they will tag your account or make a large transaction better they must need to clarify their announcement I guess its related to the gambling casino, so for me id rather use my crypto convert to fiat to make it safe than risky my asset with this.

If only it were that simple, but in most developed countries everyone who is employed and receives a salary or pension must have a bank account. Besides, how will you get a loan if you don't have a bank account? Here, where I live, I guess 90% of people have some kind of loan from the bank, whether it's because they bought a house, an apartment or a car that way.

Banks will not disappear just like that, because regardless of the existence of Bitcoin, it is still only one alternative that has been accepted by very few people if we take into account global data.

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As for the policies of banks towards clients who invest in cryptocurrencies, this is nothing new, because not all banks are equal when it comes to this - and we have already seen many times that they often know to change their rules. If we just look back and remember Jamie Dimon and his views on Bitcoin, then it is clear that these are very fickle people who think one thing today and another tomorrow.

But as already mentioned, it is possible that they are just playing a double game and trying to scare their clients and cause a price drop - although I doubt that they will succeed.

It is baffling to see major global banking giant taking seriously on crypto! I means their tone has been totally opposite just a few years ago, and for them to take care on something just invented fourteen years ago? Why can't the bank just leave the crypto alone, it is daunting having to listen to the bank opinion on bitcoin with new narrative every few weeks in a year, collecting stamp, bubble, now protecting user from scammer, I doubt so...

No need to boycott them, I mean what can you expect from centralized entity where they are allowed to change their rule or law everyday when they want? What should people do is don't use banks anymore and choose the other asset to store their wealth, only use fiat to buy something in the country because we have no other way.

As long as people don't use banks anymore, they will bankrupt.

I don't see anything bad here. They are doing what banks and the financial institutions do. We in the Bitcoin community should do what we need to do which is to boycott them.

There are more people scammed using the US dollar that Bitcoin but that is of no concern to them. Whatever it is the true believers know that they are doing this because they cannot control Bitcoin.

I read a news this morning that an important figure ( US Law makers ) in the world is trying to force the SEC to start approving Bitcoin ETFs immediately, I don't know how true this news is and don't bother asking for a link to the news because I don't have it anymore, I do read this news from OP again this morning and I was like, what is going on?


One thing is sure though, I have been here longer enough to know how crypto bear market always feels like, I won't be manipulated by these news, either good or bad I am ready to stand my ground, they are doing this to kill the little courage left on some holders, if you fall for it that's on you.

The fear index is showing 39/100 this morning, it is not enough for them, maybe Bitcoin will dip down to 20,000 we don't know but it's better to avoid these news and focus on if the dips happen will I be able to DCA into Bitcoin again? You will do good if you prepare for any possible future events, it's way better than letting news affect you.

Many banks are limiting or outright ruling out buying cryptocurrency via their platform. They cite that it’s to protect investors from fraud & scams but really, it’s likely that they just want to stop the crypto on ramp. They do not want people moving their funds from the bank because it might make the bank insolvent if enough people try to do it. We will see this a lot I think over the next few years. Any bank that tries to control how you spend your hard earned money is not worthy of your business.

Do you expect a financial and banking services company to encourage investment in Bitcoin? They will not do so, and if they notice that there is a high demand from customers, they will create an investment portfolio related to Bitcoin, and they must have the appropriate motive, which is to protect customers’ money from scammers. this investment portfolio will be centralized and you will not be allowed to withdraw funds.

I began to be optimistic about the price, as this news always appears at the end of the downward curve, and in how many months such news will disappear, to be replaced by real positive news and exaggerated positive news (as confirmation of the end of the upward curve).

This is why Bitcoin was created, to eliminate third party intermediary, but most of people still not aware about it and don't care to link their Bitcoin to centralized exchanges or banks.

There are some trusted no KYC P2P and DEX can be used, no need to worry if your country, banks and any other centralized entity are changing their laws about Bitcoin because you will not get affected.

This is not new here in my side, although the case is similar but not entirely the same. Unless, newbies who are new to crypto currency and know nothing about the government and banks regulations on crypto, it's totally not advisable to include any bitcoin related word or remark while dealing with bank else your account with tagged and freeze for investigation. The difference here is that, in your Screenshot, the person might end up losing the money while in my country's case, the might end up losing his or her freedom. The confusing thing here in that notice is how they're relating crypto to fraud or scam. Any rational behind that assertion?

There can be regulatory pressure or their anti crypto policy that makes them take this kind of action. I think its normal to see this kind of negative news especially in the bear market but these same authorities will make positive statements in the bull market.

This type of news might frighten some people but it motivates me to make more investments in crypto because it shows crypto that they are in fear that it will shut down their business one day. People will be their own bank.

This is one of those pieces of news that usually appears at the bottom of the bear market to scare away the remaining investors who are still on the market. If they cared about customer safety, they would have introduced such a block when bitcoin was at $60k and most altcoins were at 10x the current price.

"Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide".
Chase Bank


Image source - X

According to this new policy they are only trying to protect customers from scam and fraudsters.
Do you believe this is the case or they have interior motives behind it to suppress crypto access?