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Anchorage Becomes First OCC-Approved National Crypto Bank
source link: https://fintechranking.com/2021/01/14/anchorage-becomes-first-occ-approved-national-crypto-bank/
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Anchorage Becomes First OCC-Approved National Crypto Bank
Crypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national “digital asset bank” in the U.S.
“In granting this charter, the OCC applied the same rigorous review and standards applied to all charter applications,” the bank regulator said in a statement. “By bringing this applicant into the federal banking system, the bank and industry will benefit from the OCC’s extensive supervisory experience and expertise.”
Read more: Coindesk
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