The post JPMorgan Blocks Stablecoin Startups Over Sanctions Risks appeared first on Coinpedia Fintech News JPMorgan has frozen accounts of stablecoin startups The post JPMorgan Blocks Stablecoin Startups Over Sanctions Risks appeared first on Coinpedia Fintech News JPMorgan has frozen accounts of stablecoin startups
JPMorgan Blocks Stablecoin Startups Over Sanctions Risks
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
The post JPMorgan Blocks Stablecoin Startups Over Sanctions Risks appeared first on Coinpedia Fintech News
JPMorgan has frozen accounts of stablecoin startups Blindpay and Kontigo, both backed by Y Combinator, after spotting suspicious activity linked to high-risk regions like Venezuela. The firms, which processed payments through Checkbook, reportedly saw rising chargebacks and weak identity checks. JPMorgan said the move was a compliance measure tied to sanctions rules, not a ban on all crypto clients. Both startups were growing fast in Latin America’s digital payment sector before the freeze.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
![[OPINION] US Pax Silica initiative: Good or bad?](https://www.rappler.com/tachyon/2024/10/tech-stocks-october-31-2024.jpg?resize=75%2C75&crop=408px%2C0px%2C1080px%2C1080px)
[OPINION] US Pax Silica initiative: Good or bad?
COMPUTER CHIP. An Arm Holdings AGI CPU chip is displayed at Fort Mason in San Francisco, U.S., March 24, 2026.
Share
Rappler2026/04/24 08:00
The real story behind Operation Epic Failure
Trump and “War” Secretary Pete Hegseth say Operation Epic Fury has destroyed Iran’s military capacity.“We’ve taken out their navy, we’ve taken out their air force
Share
Alternet2026/04/24 08:03
Microsoft AI Unleashes Three Foundational Models in Bold Challenge to Google and OpenAI
BitcoinWorld Microsoft AI Unleashes Three Foundational Models in Bold Challenge to Google and OpenAI In a strategic move that reshapes the artificial intelligence
Share
bitcoinworld2026/04/03 01:30
