German digital bank N26 withdraws from the US market

Golden Financial has announced that German digital bank N26 will close all of its US operations and close its current US currency after January 11, 2022. Former co-founder and CEO Max Tayenthal told Insider that the US is not important and that the company's efforts will be focused on Europe, near you. The company said Brexit was important when it closed its UK operations in February 2020, but it was understood that operating costs also play a role in the decision-making process. N26 was recently accused of being labeled a financial crisis, and German regulator BaFin has defined that a number of users can sign up until the issue is resolved. (The Crypto Block)