The FDIC’s recent advisories have prompted banks to pause crypto transactions, putting the cryptocurrency sector at risk of debanking. OKX’s Jason Lau stresses that fostering robust banking relationships is crucial to navigating these escalating challenges.

Debanking is a pressing global issue, evidenced by abrupt incidents involving firms like Binance Australia. In response, UK lawmakers are proposing reforms to enhance consumer protections, aiming to prevent arbitrary account closures related to political contexts.