JPMorgan freezes some stablecoin accounts over sanctions exposure - report
JPMorgan Chase has frozen accounts of two stablecoin startups, Blindpay and Kontigo, due to compliance concerns over their activities in high-risk countries. These startups, funded by Y Combinator, were linked to JPMorgan through Checkbook. The freeze is unrelated to the nature of stablecoins, according to JPMorgan, which continues to support stablecoin businesses.
Source: businessinsider The copyright of this article belongs to the original author/organization.
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