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Judge to Chase: Buying Crypto on Credit Not Necessarily a Cash Advance

Published 08/02/2019, 06:18 PM
Updated 08/02/2019, 06:41 PM
© Reuters.  Judge to Chase: Buying Crypto on Credit Not Necessarily a Cash Advance
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Southern (NYSE:SO) District of New York Judge Katherine Polk Failla has ruled that purchasing cryptocurrency with a Chase Bank credit card does not necessarily count as a cash advance, as per Chase’s contract.

According to an opinion and order document dated August 1, Judge Failla has denied Chase’s motion to dismiss a number of the plaintiff’s complaints, which center on the bank charging a user cash advance fees for buying cryptocurrency with a Chase credit card.

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