• insights-banner

    In the Press

City AM quotes William Garner on Chase UK banning crypto transactions

The head of one of the largest cryptocurrency exchanges in the world has urged UK customers of JPMorgan Chase to close their accounts in protest at the retail bank’s upcoming ban on crypto transactions.

Chase UK announced this week it would be banning account activity involving cryptocurrency from 16 October, citing a rise in scams and fraud.

William Garner, Partner in Financial Services Regulation & Funds, provides comments on whether the announcement could become a publicly disclosed formal policy:

"Many have had to use either overseas banks or online alternatives (such as payment firms). However, to date, we do not believe that banks have had quite such a formal and public policy. If UK banks start to adopt formal policies, but banks in other jurisdictions don’t, that will be interesting from an international perspective.”

Read the full article in City AM here.

Related coverage (following an interview with the Press Association):

Evening Standard, The Independent, City AM

Our thinking

  • FT Ignites Europe quotes Anne-Marie Balfour on working hours and potential disputes

    Anne-Marie Balfour

    In the Press

  • DIFC Courts Release 2023 Annual Report

    Peter Smith

    Quick Reads

  • Caroline Greenwell writes for The Law Society Gazette on the LIBOR scandal

    Caroline Greenwell

    In the Press

  • Portfolio Adviser quotes Richard Ellis on the FCA's first public findings against former fund manager Neil Woodford

    Richard Ellis

    In the Press

  • Daniel Sullivan writes for Law360 on hundreds of 'rogue filings' being lodged via Companies House and advice for affected banks

    Daniel Sullivan

    In the Press

  • Charles Russell Speechlys grows its rankings in The Legal 500 EMEA directory

    Frédéric Jeannin

    News

  • There is a new tax law in town – but it’s probably not what you think

    Sarah Kadhum

    Quick Reads

  • Digital assets consultation by the Law Commission

    Cheryl Tham

    Insights

  • Charles Russell Speechlys continues to grow its Financial Services Regulation & Funds offering with the appointment of Jeremy Bell

    William Garner

    News

  • FT Adviser quotes Richard Ellis on industry pushback to FCA plans to name firms under investigation

    Richard Ellis

    In the Press

  • Charles Russell Speechlys hosts international arbitration event in Dubai

    Peter Smith

    Quick Reads

  • Charlie Ring and Ross Youngs write for FT Adviser on where wealth managers should look to for their own financial advice

    Charlie Ring

    In the Press

  • Take-aways for UK firms from ESMA’s consultation on reverse solicitation

    Cheryl Tham

    Insights

  • FCA Authorisation: Do I need to be FCA-regulated?

    Richard Ellis

    Insights

  • City AM quotes William Garner on FCA plans to 'name and shame' firms under investigation

    William Garner

    In the Press

  • Sifted quotes Victoria Younghusband on a boardroom disagreement involving Klarna and Sequoia Capital

    Victoria Younghusband

    In the Press

  • Consumer Duty - FCA warns that some firms are “lagging behind”

    Richard Ellis

    Insights

  • The Fintech Times quotes Mark Bailey on Labour’s plan for financial services

    Mark Bailey

    In the Press

  • Charles Russell Speechlys welcomes Financial Services Partner back to its London office

    Richard Ellis

    News

  • Charles Russell Speechlys strengthens London Banking & Finance team with the arrival of James Walton

    James Walton

    News

Back to top