JPMorgan Chasing Bitcoin mining firm by shutting down Bank accounts
A Delaware based company is currently offering Bitcoin mining operations to the citizens of the U.S individually. JPMorgan reportedly chased the offering of the mining firm.
In the past, JPMorgan showed his support for the crypto industry by seeking blockchain based talent to allow rich investors access to crypto funds. But recent allegations indicating a controversial blame on JPMorgan.
Compass Mining is a Delaware based company. This company is currently offering people to invest individually in Bitcoin mining operations. According to the Compass mining firm, users can buy hardware and also can host through the use of private infrastructure of the company easily.
JPMorgan is a banking giant of America and reportedly they are blocking bank accounts of this mining firm. This matter came into light when the CEO of mining firm, Whit Gibbs, talked about it openly through twitter.
Right now at the time of writing this article, no response came from JPMorgan in this matter. But here we can’t say with certainty whether the exact reason to block the bank accounts is related to the Mining offerings of Compass or something else. Here we have to wait for the response of JPMorgan. But if further information we will get then, will update here.
Read also:Nvidia fails to sell crypto Mining GPU on expectation
