Remote command failure even after unencrypted traf

Question

I am trying to open remote PSSession from one PC to another. Both PCs are in the LAN and reachable, but whenever I try to enter PSSession the following error occurs:

Enter-PSSession : Connecting to remote server pc2 failed with the
following error message : The WinRM client cannot process the request.
Unencrypted traffic is currently disabled in the client configuration.
Change the client configuration and try the request again. For more
information, see the about_Remote_Troubleshooting Help topic. At
line:1 char:1
+ Enter-PSSession -ComputerName pc2 -Authentication Basic -Credential admin
+ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    + CategoryInfo          : InvalidArgument: (pc2:String) [Enter-PSSession], PSRemotingTransportException
    + FullyQualifiedErrorId : CreateRemoteRunspaceFailed

I have set AllowUnencrypted to true in both

WSMan::localhost\Client

and

WSMan::localhost\Service

location on the remote PC, but still getting the same error. Are there other settings I need to update?