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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.