According to reports, the American banking giant JPMorgan Chase blocked all account activity of Compass Mining (a type of Bitcoin).Bitcoin) Mining companies outside of Delaware. When Compass Mining CEO Whit Gibbs Announce:
“Shout to Chase who closed the Compass Mining account because we did our part to replace the old guards with autonomy and future-oriented hard currency supporters. Behind #Bitcoin or let us go away. “
Compass Mining has been committed to providing mining equipment and hardware hosting services for Bitcoin mining. The company uses the support of Bitcoin computing power and the network as an excuse to allow individual users to conduct mining operations through its private infrastructure.
Cointelegraph has contacted both parties for further comments and will update this article if they respond.
On August 6, in order to provide customers with cryptocurrency exposure, JPMorgan Chase allowed Access to six crypto funds Within three weeks. This move now gives traditional investors access to the Stone Ridge Bitcoin Strategy Fund, which aims to develop strategies around Bitcoin futures contracts and pool direct and indirect Bitcoin investments.
Last month, Mary Callahan Erdoes, director of asset and wealth management at JPMorgan Chase Demand for crypto investment“Many of our clients say,’This is an asset class, I want to invest.’ Our job is to help them put their money where they want to invest,” she said.