Finance

The firm asserted that regulators in the U.S. are “actively trying to stop companies (banks and fintechs) from supporting crypto assets – even when the companies are trying to do it correctly and by the book”. Unbanked said it recently signed a term sheet for a $5 million investment with a $20 million valuation. Though it did not state which regulations prevented it from receiving the loan, it said it ultimately had not received the funds as of yet and will resume operations.