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TechFlow reported that on September 27, iFAST Global Bank announced it will cease processing payments related to cryptocurrency assets starting October 1, 2024, strengthening measures against crypto-related fraud and protecting customer fund security. The bank stated it will still accept inbound payments from crypto platforms registered with the UK Financial Conduct Authority (FCA) or equivalent regulatory bodies.
iFAST Global Bank announced it will cease processing payments related to cryptocurrency assets from October 1, 2024, strengthening measures against crypto-related fraud and protecting customer fund security. The bank stated it will still accept inbound payments from crypto platforms registered with the UK Financial Conduct Authority (FCA) or equivalent regulatory bodies.
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