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JPMorgan Chase Bank has closed the accounts of encryption practitioners.
GateNewsBot
Golden Finance reported that ShapeShift executive Houston Morgan stated that JPMorgan suddenly closed his business account last Friday and notified him that his personal account would also be closed this week, citing reasons to “protect Chase's Financial Institution.” Morgan indicated that the entire process was without warning, he was not asked to provide additional information, nor was there an opportunity to appeal. This incident follows the closure of Strike CEO Jack Mallers' account, raising concerns about the “de-banking” of the US encryption industry once again. JPMorgan did not respond to requests for comment.
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