Unicoin CEO: American banks are still closing crypto business accounts without reason

ChainCatcher news, according to Cointelegraph, Unicoin CEO Alex Konanykhin revealed that despite the Trump administration's supportive stance on cryptocurrency, American financial institutions such as Citibank and JPMorgan Chase are still closing crypto business accounts without reason. 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 guidelines, and currently, banks still maintain a risk-averse attitude towards crypto businesses.