Coinotag 21 Nov 2024

Custodia Bank Faces Potential Further Layoffs Amid Ongoing Regulatory Challenges and Hope for Change Under Trump ⚖️

Trump USA Custodia Bank

Custodia Bank is facing increasing regulatory challenges which have necessitated further layoffs. The bank already undertook a significant workforce reduction in August. Despite these challenges, there's a sense of anticipation for possible positive regulatory changes under the Trump administration that could offer some relief or support to Custodia Bank.

Legal issues have compounded Custodia’s struggles, especially after being denied access to certain financial networks and opportunities. These ongoing hurdles emphasize the broader industry challenges where banking and cryptocurrency regulations often clash, complicating the operations of banks like Custodia.

Source: en.coinotag.com ↗

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