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JPMorgan freezes stablecoin startups Blindpay and Kontigo accounts over Venezuela sanctions


JPMorgan freezes stablecoin startups Blindpay and Kontigo accounts over Venezuela sanctions

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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 […]
Read the article at CryptoPolitan

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