JPMorgan Chase reportedly shuts down bank accounts of Bitcoin mining firm
Delaware-based Compass Mining offers U.S. citizens exposure to Bitcoin mining via its private infrastructure. American banking giant JPMorgan Chase has reportedly blocked all account activities of Compass Mining, a Bitcoin (BTC) mining company based out of Delaware. The information came to light when Compass Mining CEO Whit Gibbs announced:“Shoutout to Chase for shutting down Compass Mining accounts for doing our part to replace the old guard with self-sovereign, future-focused supporters of hard money. Get behind #Bitcoin or get out of our way.”Compass Mining has been involved in offering....
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Via his Twitter account, co-founder and CEO of Compass Mining, a company that offers Bitcoin mining host services and hardware, Whit Gibbs reported that U.S. bank JP Morgan Chase closed their accounts. At the time of writing, the financial institution hasn’t provided a reason that justifies the decision. Following the incident with Chase bank, Gibbs […]
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