Cryptocurrency payment company Kontigo's leader Jesus A. Castillo recently responded to a media report. The report claimed that the company had its account closed by JPMorgan Chase for "compliance reasons," but Castillo directly denied the accuracy of this statement.

Castillo not only refuted the report but also pointed out that there are serious issues with the report itself, with wording that even involves defamation. From his remarks, the company appears to be quite dissatisfied with how it has been portrayed externally.

Although Castillo did not fully elaborate on the details in his response, this exchange of words reflects the ongoing tension between the crypto industry and traditional financial institutions regarding account compliance issues. What exactly caused this conflict, and what is the true situation behind each side's claims, still requires further factual clarification.