JPMorgan freezes accounts of several stablecoin startups, involving high-risk markets such as Venezuela

JPMorgan freezes accounts of several stablecoin startups, involving high-risk markets such as Venezuela

BlockBeats

BlockBeats2025/12/27 02:32

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BlockBeats news, December 27, according to The Information, in recent months, JPMorgan has frozen accounts used by at least two fast-growing stablecoin startups operating in high-risk countries such as Venezuela. The bank's move highlights the risks that cryptocurrency transactions pose to banks, as banks must know their business counterparts and the sources of funds. The bank froze Blindpay's account.

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