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Debanking Isn’t Over Yet in Crypto: What Investors Need To Know
Imagine waking up to find your bank account closed, not because of fraud or missed payments, but because you used it to buy or sell cryptocurrency. This practice, known as “debanking,” happens when banks cut ties with crypto users and businesses, often without warning. Many crypto holders hoped President Donald Trump’s administration and its pro-crypto stance would end debanking, but it’s still happening. Even large companies like Unicoin say multiple major banks have shut down their accounts. Everyday investors also face hurdles, from higher fees on transfers to stricter limits, that make it harder to move ... (full story)