Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
07/02/2023 15:26
Nevada's Financial Institutions Division announced on Tuesday that the regulator has filed to take over crypto custodian Prime Trust and freeze all of its businesses, just days after a Nevada cease-and-desist order that alleged Prime Trust was near insolvency. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the firm's financial condition and possible receivers.
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