JPMorgan freezes multiple stablecoin startup accounts involving high-risk markets such as Venezuela

GateNews

BlockBeats News, December 27, According to The Information, in recent months, JPMorgan Chase has frozen accounts used by at least two rapidly growing stablecoin startups operating in high-risk countries such as Venezuela. The bank’s actions highlight the risks that cryptocurrency transactions pose to banks, as they must understand their business partners and sources of funds. The bank has frozen Blindpay’s account.

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