JPMorgan Freezes Accounts of Two Stablecoin Startups
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JPMorgan has frozen the accounts of stablecoin startups BlindPay and Kontigo, The Information reported. Both companies operate in Latin America and used JPMorgan banking services through digital payments company Checkbook. JPMorgan explained that the companies had engaged in business activities related to Venezuela and other regions subject to U.S. sanctions, but that the decision was not based on opposition to stablecoins per se.
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