According to Cointelegraph, Unicoin CEO Alex Konanykhin revealed that despite the Trump administration's pro-crypto stance, Citibank, JPMorgan Chase and other US Financial Institutions Group are still closing crypto business accounts without reason. Unicoin and its subsidiaries have been terminated by four banks this year, including Wells Fargo, Florida City National Bank and TD Bank.
The Trump administration plans to sign an executive order requiring federal banking regulators to review such practices. Industry experts point out that substantive changes will require specific regulatory details, and banks are still risk-averse towards crypto businesses.
Unicoin CEO: Bank of America is still shutting down crypto business accounts for no reason
2025-08-10 11:33:34
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