JPMorgan just froze accounts of stablecoin startups in high-risk areas due to AML concerns.
* This move tightens controls on crypto startups and disrupts their payment flows.
* It highlights the gap between traditional banking and digital asset businesses.
* The affected startups are in regions like the Middle East, Africa, and Southeast Asia.
* JPMorgan is conducting enhanced due diligence reviews before unfreezing the accounts.
* This move is part of a larger trend of banks increasing scrutiny on crypto startups.
* It may lead to increased adoption of decentralized banking solutions.
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