CoinVoice has recently learned that, 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 unjustifiably shutting down cryptocurrency business accounts. This year, Unicoin and its subsidiaries have had services terminated by four banks, including Wells Fargo, Florida National Bank, and TD Bank.

The Trump administration is planning 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 cryptocurrency businesses. [Original link]