The cryptocurrency revolution is here, and traditional banks are terrified. JP Morgan is the perfect example. First, the bank’s boss Jamie Dimon labelled bitcoin a “fraud” and promised to fire any employees caught trading crypto. Now, the bank is blacklisting cryptocurrency startups and refusing to open checking accounts. Per a Bloomberg report, JP Morgan still refuses to bank cryptocurrency businesses. The Wall Street giant even shut down the account of Kraken – one of the world’s largest and most-secure cryptocurrency exchanges. Paypal locked up all the money I had for 6 months, almost lost my business/apartment. BofA killed @Krakenfx’s payroll
The post Bitcoin Terrifies Banks: Hypocritical JP Morgan is Blacklisting Crypto Firms appeared first on CCN
source https://www.ccn.com/cryptocurrencies-threat-banks-hypocrite-jp-morgan-blacklisting-crypto
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