BREAKING: JPMorgan Freezes Accounts of Stablecoin Startups in High-Risk Regions....
JPMorgan has reportedly frozen bank accounts linked to several stablecoin and crypto-related startups operating in jurisdictions classified as high-risk, citing heightened compliance and regulatory concerns.
The move reflects growing pressure on global banks to tighten controls around anti-money laundering (AML) and counter-terrorist financing standards as scrutiny of the crypto sector intensifies. Industry sources say affected firms were notified of account restrictions pending enhanced due diligence reviews, disrupting payment flows and operational activities. The action underscores the increasing challenges faced by crypto startups seeking access to traditional banking, especially in emerging markets, and highlights the widening gap between regulated financial institutions and fast-growing digital asset businesses.