JPMorgan Chase freezes multiple stablecoin startup accounts, involving high-risk markets such as Venezuela.

According to Odaily Planet Daily, JPMorgan Chase has frozen accounts belonging to at least two rapidly growing stablecoin startups operating in high-risk countries like Venezuela in recent months. The bank's move highlights the risks associated with cryptocurrency transactions, as banks must understand their business dealings and the source of funds. The bank has also frozen Blindpay's accounts. (The Information)