Altcoin News by Thebittimes.Com

Chase U.K. will block all crypto payments over fraud and scam allegations. Chase U.K., a U.K. entity of the global bank, warned its customers that starting Oct. 16, it will block all crypto-related payments in an email to the customers. The email specified that customers are still free to interact with their cryptocurrency service providers through a different bank of their choosing. “If we think you’re making a payment related to crypto assets, we’ll decline it,” the email reads. The email further explained that Chase came to the decision to ban crypto payment s since “ fraud sters are increasingly using crypto assets to steal large sums of money from people,” according to CoinDesk. This statement follows a report released by the bank in late June claiming that “ crypto currency scams are on the rise.” You might also like: UK parliament to pass crypto bill against financial crimes This development follows the UK’s ...

The decision comes after a Jan. 8 filing by FTX’s lawyers who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors. The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings.  The decision was reportedly made by Judge John Dorsey in the Delaware-based Bankruptcy Court on Jan. 11 in response to a 168-page filing by FTX on Jan. 8 which requested the Court to withhold confidential customer information. Judge Dorsey said that he remains “reluctant at this point” to disclose the confidential information, as it may put creditors “at risk,” despite increased pressure from several media outlets: "We're talking about individuals here who are not present – individuals who may be at risk if their name and information is disclosed.” Days earlier, FTX lawyers argued “that disclosure of the information would create an undue r...