J.P. Morgan Chase The American banking giant has closed its bank accounts. Hayden Adams founder UniSwap No reason for closing was given, which surprised Hayden.
Hayden’s Closing of JP Morgan May Be Linked to His Standing as a Crypto Activist which some of his colleaguesreportthat he had experienced a similar problem with this bank.
“This week @jpmorgan @Chase closed my bank account without any notice or explanation. I know a lot of individuals and companies who have been targeted by similar targets simply because of their work in the crypto industry,” the UniSwap founder tweeted on Jan. 23.
tug of war
J.P. Morgan’s actions were ironic as they did not provide any explanation or prior notice as to why Hayden’s account was closed. how easily the center This was not a single incident. Because such operations of the Bank have taken place in various parts of the world, includingNigeriaThe writer’s home country as well.
Decentralization and use of crypto is financial freedom for many who are hostile to banks and governments. There is a tendency for the adoption of decentralized finance to increase.
The fact that banks were able to close accounts of famous people like Hayden Adams shows that all crypto users are at risk.
from the information of Chainalysis Shows that in 2021 there will be global adoption of crypto. This is an increase of more than 880%. This shows that the momentum is on the decentralized side rather than centralized.
JP Morgan’s Action Will Promote People To Enter Crypto Instead of depriving them––especially with the use of stablecoin
Seeing the growing number of crypto users It may only be a matter of time before banks realize the wishes of the majority and implement a proper deal with crypto.
refer : LINK
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