[heading]Is Bitcoin Responsible For Capital Controls In The US? [/heading]
With each JP Morgan business account holder who receives the letter informing them of new JP Morgan business account policies, a case for Bitcoin is made.
However ironically, could it be that this is the polar opposite of the bank’s intentions?
JP Morgan Chase’s Business Banking Division sent a letter to account holders stating, from November 17, 2013 on, the bank would no longer offer international wire transfers. Any scheduled transfers or recurring transfers would be canceled.
Further, cash activity – that is, folding, green cash and money orders – would be limited to $50,000 per statement cycle. Read More