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Crypto Banking Firm FairX Shuts Down Due to Lack of Financing

Published 07/21/2019, 01:25 PM
Updated 07/21/2019, 01:41 PM
Crypto Banking Firm FairX Shuts Down Due to Lack of Financing

FairX, a financial services company involved with banking and digital assets, has shut down its operations as it failed to establish a licensed national bank.

According to a FairX Twitter thread on July 19, the company has fallen short of setting up a licensed national bank due to a lack of funding. FairX was trying to raise funds for the planned bank over the past 14 months, which it described as:

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