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JPMorgan Chase Freezes Accounts of Multiple Stablecoin Startups, Involving High-Risk Markets Including Venezuela
Summary: According to reports from The Information, JPMorgan Chase has frozen accounts used by at least two rapidly growing stablecoin startups in recent months. These companies operate in high-risk countries such as Venezuela, highlighting the risks that cryptocurrency transactions pose to banks, as they must understand their business partners and the source of funds. The bank ...
According to reports from The Information, JPMorgan Chase has frozen accounts used by at least two rapidly growing stablecoin startups in recent months. These companies operate in high-risk countries such as Venezuela, highlighting the risks that cryptocurrency transactions pose to banks, as they must understand their business partners and the source of funds. The bank froze the account of Blindpay.
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Link: JPMorgan Chase Freezes Accounts of Multiple Stablecoin Startups, Involving High-Risk Markets Including Venezuela [Copy]
