CoinVoice has recently learned from Cointelegraph that Unicoin CEO Alex Konanykhin revealed that despite the Trump administration's supportive stance on encryption, American financial institutions such as Citibank and JPMorgan are still closing cryptocurrency business accounts without reason. Since the beginning of this year, Unicoin and its subsidiaries have had services terminated by four banks, including Wells Fargo, Florida Community Bank, and TD Bank.



The Trump administration plans to sign an executive order requiring federal banking regulators to review such actions. Industry experts point out that substantial changes will depend on the issuance of specific regulatory details, and currently, banks still maintain a risk-averse attitude towards encryption business.
ALEX-1.57%
TRUMP-5.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)