iFAST Global Bank will stop processing cryptocurrency-related payments starting from October 1

ChainCatcher message, iFAST Global Bank announced in an email that it will stop processing payments related to cryptocurrency assets starting from October 1, 2024, to strengthen measures against cryptocurrency-related fraud and protect customer funds.

The bank stated that it will still accept inbound payments from cryptocurrency platforms registered with the Financial Conduct Authority (FCA) or equivalent regulatory bodies.