Key facts: JPMorgan Chase Launches Digital Asset Trading; Freezes Venezuelan Accounts; Settles 1MDB Claims
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JPMorgan Chase is set to launch digital asset trading services for select institutional clients, expanding its offerings to meet rising demand from professional investors.1JPMorgan Chase has frozen accounts of stablecoin startups operating in Venezuela, highlighting the bank's focus on regulatory compliance and risk management within the cryptocurrency sector.2JPMorgan Chase will pay $330 million to settle claims linked to its role in the 1MDB scandal, involving the misappropriation of billions from Malaysia's sovereign fund.3
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