JPMorgan freezes stablecoin startups Blindpay and Kontigo accounts over Venezuela sanctions
Dec 27, 2025
< 1 min read
by Jai Hamid
for CryptoPolitan

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JPMorgan has frozen the accounts of two Y Combinator-backed stablecoin startups Blindpay and Kontigo over links to Venezuela, a country currently under heavy U.S. sanctions. According to The Information, both startups had connected to JPMorgan through Checkbook, a U.S.-based payments company. But the association with high-risk jurisdictions set off alarm bells inside the bank. JPMorgan […]

