The Gemini exchange denied rumors about the breakdown of partnerships with Jpmorgan – Bits Media

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Биржа Gemini опровергла слухи о разрыве партнерских отношений с банком JPMorgan - Bits Media

Representatives of Gemini assure, that relations with a large JPMorgan investment bank continue in normal mode.

The American bank JPMorgan unilaterally broke off relations with the Gemini cryptocurrency exchange, What became known on Wednesday, 8 Martha. The decision to break Relations with Gemini were accepted due to fears about the non-compliance with the exchange of mandatory control procedures, Assume sources of Coindesk. The JPMorgan risk management group expressed concern about the lack of transparency in Gemini operations and its alleged inability to effectively monitor the laundry of money.

Almost immediately, the Gemini cryptocurrency exchange administration denied this information on Twitter and announced, that the cooperation of the parties is preserved.

The rapid refutation by Gemini reduced the degree of fears of its users about possible problems in relations between the US exchange and financial regulators. At the same time, the refusal of comment from JPMorgan allowed to assume, that information about the alleged breakdown of relations between the parties has some reason. Commentators on Twitter counted, that the release of official confirmation may take place before the end of the month.

In early March, the Gemini crypto -rope reported
On the termination of all operations, Silvergate Bank. Gemini said, that "actively monitor the situation" and do not have the means of customers, stored in the accounts in Silvergate.