“Challenger bank Kroo bans crypto transactions, warning of…
London-based challenger bank Kroo is banning customers from carrying out crypto transactions, saying cryptocurrencies are “increasingly being used by fraudsters as a way to scam people”.
Kroo is following in the footsteps of other challenger banks, Starling Bank and Chase UK, which have issued crypto bans.
Starling Bank no longer supports crypto transactions while last year Chase UK, JP Morgan’s UK challenger bank, blocked UK customers from purchasing crypto assets.”
This is interesting in light of JP Morgan’s contradiction regarding their own tokenization of RWA.
I get a feeling that this has a lot more to do with American policies, (ie the recent FIT 21 bill).
I’m not a politician but reading in plane English, the bill held more advantages and loopholes for crypto companies than it did for the everyday consumer.
XRP re-listed on Coinbase, ripple promoting in Asia… A lot of interesting political dynamics going about, I would keep an eye on what comes next, closely.
