Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move
Coinbase CEO Brian Armstrong has been actively pursuing the exchange's expansion ambitions in the United Kingdom amid mounting legal issues in the U.S.. Brian Armstrong, CEO of major United States-based crypto currency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto -related transactions. Brian Armstrong took to X (formerly Twitter) on Sept. 26 to slam Chase Bank for its “totally inappropriate” move to ban its customers in the United Kingdom from making any debit card or wire transfers related to crypto transactions. “U.K. crypto holders should close their accounts if this is how they're going to be treated,” Armstrong wrote. The CEO also urged U.K. officials — including U.K. Prime Minister Rishi Sunak and U.K. Economic Secretary Andrew Griffith — to check whether Chase UK’s actions respect the country’s policy goals. Armstrong expressed hope that Chase UK might change its decision after the officials look into the situation...