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JPMorgan Chase "Blacklists" Strike CEO, Sparking Fresh Concern in US Crypto Industry over "Debanking" Wave
BlockBeats News, November 25th. In a recent development, major US bank JPMorgan Chase closed the personal account of Bitcoin payment company Strike CEO Jack Mallers, sparking renewed concerns in the US crypto industry about "debanking."
Mallers took to Twitter on Sunday to share that JPMorgan Chase had abruptly closed his personal account last month without providing any explanation. He wrote: "Last month, JPMorgan Chase kicked me out of the bank. Every time I asked why, they just said one thing: we can't tell you the reason."
This incident has reignited worries about "Operation Chokepoint 2.0," with critics using the term to describe government pressure on banks to cut ties with crypto businesses.
US Senator Cynthia Lummis posted on Twitter on Monday, saying: "Operation Chokepoint 2.0 sadly still exists." She pointed out that JPMorgan Chase's actions are undermining public confidence in the traditional banking system and driving the crypto industry overseas.
Lummis called for an end to this practice, stating: "The US should be a global hub for digital assets, not forcing this industry to leave."
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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