Unicoin CEO: Bank of America Is Still Closing Crypto Business Accounts with No Reason
TechFlame
2025-08-10 11:29
TechFlame2025-08-10 11:29
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According to TechFlame, according to Cointelegraph, Unicoin CEO Alex Konanykhin revealed that despite the Trump administration's pro-crypto stance, US financial institutions such as Citibank and J.P. Morgan still have no reason to close crypto corporate accounts. Since this year, Unicoin and its subsidiaries have been terminated from service by four banks, including Wells Fargo, Florida City Nationals Bank, and TD Bank.
The Trump administration plans to sign an executive order requiring federal banking regulators to review such acts. Industry experts pointed out that substantial changes require specific regulations to be introduced. Currently, banks still have a risk-averse attitude towards crypto business.