Derived from Chainthink, on December 27, 2025, JPMorgan has reportedly frozen accounts of at least two fast-growing stablecoin startups operating in high-risk countries like Venezuela. The bank froze the account of Blindpay, highlighting the risks banks face in handling cryptocurrency transactions and the need to understand their business partners and the sources of funds.
JPMorgan Freezes Stablecoin Startup Accounts in High-Risk Markets
ChainthinkShare
Summary
JPMorgan has frozen accounts of at least two stablecoin startups in high-risk markets, including Venezuela, as part of a tightening risk appetite. The move affects Blindpay, with the bank citing concerns over fund sources and business partner due diligence. The fear and greed index in crypto markets often reflects such regulatory actions, signaling heightened caution among institutional players.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.