Nevada court approves regulator’s proposal to place Prime Trust in receivership, pending hearing

Nevada’s Eighth Judicial District Court granted the state’s Financial Institutions Division (NFID) petition to place cryptocustodian Prime Trust into receivership pending a hearing to show cause. In a July 14 filing, a Nevada court ordered the appointment of a receiver for Prime Trust following a June 26 petition from the state’s financial regulator. Prime Trust […]