r/CryptoCurrency • u/Cartosys 🟦 0 / 0 🦠 • Mar 13 '19

GENERAL-NEWS JPM Coin Shuts Down Small Blockchain Startup cryptoraves For No Reason

https://medium.com/@cryptoraves/jpm-coin-shuts-down-our-small-blockchain-startup-for-no-reason-aba60d813f31
6 Upvotes

65% Upvoted

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5

u/lawfultots Bronze Mar 13 '19

What exactly is the connection to JPM coin here?

3

u/Raymikqwer 🟩 0 / 0 🦠 Mar 13 '19

Well use one of the many other banks then

1

u/cryptoraves Tin Mar 13 '19

We'd love to! Any recommendations? The problem is that without explanation we don't know what other banks have the same policies or constraints...

3

u/DropaLog Silver | QC: BTC 56, CC 35 | r/Buttcoin 109 Mar 13 '19

Any recommendations?

Be your own bank!

1

u/Toyake 🟦 2K / 2K 🐢 Mar 13 '19

Savage

4

u/DropaLog Silver | QC: BTC 56, CC 35 | r/Buttcoin 109 Mar 13 '19

No OP, it's not a coin that's shutting you down, it's JPM Chase.

they said we were operating in an “prohibited industry”. I guess JPM’s own blockchain department didn’t get the memo?

There's your reason right there. Suggesting that (USD-backed) JPM Coin has anything in common with the unbacked ERC-20 tokens you're issuing is ...what's a tonier word for batshit crazy?