Crypto debanking is still occurring as banks stick to Chokepoint policies
News Source : Cointelegraph
News Summary
- Unicoin CEO says US banks continue closing accounts for crypto firms under “Operation Chokepoint.” crypto firms have been facing account closures and denials of banking services for years under the label of de-risking.
- Many in the crypto industry believe that the debanking represents a policy-driven effort to suppress digital assets.
- On Thursday, Bloomberg reported that President Trump will sign an executive order directing federal bank regulators to identify and penalize financial institutions that have engaged in debanking.
Crypto firms have been facing account closures and denials of banking services for years under the label of derisking. Many in the crypto industry believe that the debanking represents a policydriv [+4133 chars]
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