JPMorgan Flags Compliance Risks, Halts Banking Services for Stablecoin Firms
JPMorgan froze stablecoin startup accounts over compliance risks, highlighting growing pressure on banks as regulations tighten across global crypto markets. JPMorgan has frozen banking accounts linked to several stablecoin startups in recent months. The action shows increased compliance pressure on the banks dealing with crypto transactions. Moreover, the move makes obvious risks associated with high-risk...
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