JPMorgan has frozen accounts of at least two rapidly growing stablecoin startups operating in high-risk countries like Venezuela, according to a report by The Information. This move highlights the risks banks face with cryptocurrency transactions, as they must ensure they understand their clients and the source of funds. Among the affected companies is Blindpay, whose account was specifically mentioned as being frozen.
JPMorgan Freezes Accounts of Stablecoin Startups Operating in High-Risk Regions
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