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Kanye West Adorns Bitcoin’s Satoshi Hat after JP Morgan Fallout

05/12/2022
07/12/2022
08/12/2022

MetaVentures Bangkok 2022

Bangkok, Thailand
14/12/2022
27/02/2023

ICBM Expo

Dubai, UAE
03/03/2023
The Crypto Times

Hip-hop icon and businessman Kanye West was seen sporting the Bitcoin founder Satoshi Nakamoto Hat after his company checking account was shut down by JP Morgan Chase.

In a tweet, political commentator Candace Owens shared a letter Ye allegedly acquired from monetary behemoth JP Morgan.

JP Morgan gave Yeezy LLC and Ye till November twenty first, 2022 to switch the account’s funds of about $140 million elsewhere after the rapper’s formal cut up with the monetary establishment.

Many have concluded that the financial institution’s selection was motivated by West’s most up-to-date anti-Semitic remarks alongside different problematic feedback he made on social media amid the Paris vogue week havoc. 

Prior to it, the rapper had questioned the financial institution’s administration and strained his connections with quite a lot of necessary shoppers, together with Adidas.

Kanye West asserted that he didn’t violate any legal guidelines and referred to as JPMorgan’s selection stunning.

West famous “I put $140 million into JP Morgan and they treated me like sh*t. So if JP Morgan Chase is treating me like that, how are they treating the rest of y’all?”

All of this comes after PayPal tried to impose a $2,500 cost on any customers it deemed to be participating in unprofessional conduct. 

PayPal confronted the wrath of its shopper base calling out the lunacy of a monetary agency making an attempt to control what’s and isn’t acceptable speech, forcing them to swiftly withdraw their coverage and faux that it was an error. 

Zooming out from the precise story involving Ye and what he stated, it’s important to acknowledge the quickly rising observe by established corporations, with obscene ranges of entrenchment and energy throughout the banking and funds sectors, making an attempt censorship.

The inclination of typical monetary establishments to arbitrarily shut person accounts might encourage the adoption of cryptocurrencies in a large method.

If JP Morgan’s efforts towards Ye and PayPal’s tried actions towards their person base are any indication, cryptocurrency resembling bitcoin affords a particularly excessive degree of worth within the case of centralized establishments, says the neighborhood.

Compiled by Coinbold

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