List of Flash News about crypto exchange banking
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2025-07-28 12:42 |
JPMorgan Halts Gemini Re-Onboarding Amid Data Access Dispute: Key Implications for Crypto Exchanges
According to Eleanor Terrett, JPMorgan has paused the re-onboarding process for Gemini due to ongoing disputes over consumer data access. This decision highlights increased scrutiny from traditional financial institutions regarding data transparency and regulatory compliance for crypto exchanges. The pause may impact Gemini's operational capabilities in fiat-crypto transactions and could signal stricter onboarding requirements for other crypto platforms seeking banking partnerships. Traders should monitor developments as regulatory friction between banks and exchanges like Gemini can influence market liquidity and user access to fiat gateways. Source: Eleanor Terrett. |