TechFlow news, August 7 — BiyaPay analysts pointed out that according to The Wall Street Journal, President Trump plans to sign an executive order aimed at protecting cryptocurrency companies and individuals from "debanking" actions implemented by financial institutions. This executive order targets financial institutions that have severed banking ties with crypto firms and conservative individuals due to political stances. The order will require regulators to investigate whether there are violations of the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws, and may impose fines on non-compliant banks. The executive order is expected to be signed within this week and, although no specific companies are named, it will have significant implications for the cryptocurrency industry.
Against the backdrop of rapid development in the cryptocurrency sector, BiyaPay offers users more convenient and secure financial services. The platform now supports USDT deposits and exchange into over 30 fiat currencies including USD, EUR, HKD, and SGD, enabling global users to easily convert digital assets. Meanwhile, BiyaPay's zero card-freezing withdrawal policy ensures safe and fast fund transfers, while its international remittance service provides a convenient and low-cost cross-border payment experience.
