The Nevada Department of Business and Industry’s Financial Institutions Division (FID) has taken action against Prime Trust, LLC. This US-based financial institution specializes in custody and settlement services for digital assets. The FID has alleged that Prime Trust has violated Nevada regulations and has a shortfall in customer funds, which has deteriorated to a critically deficient level. As a result, the FID has filed a petition to place Prime Trust into receivership. This means that a court-appointed receiver will take control of the company’s assets and operations to protect the interests of creditors and other stakeholders. Prime Trust Accused Of
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Author: coinmaker