MULTIPLE CRYPTOCURRENCY COMPANIES APPLY FOR OCC BANK CHARTER

MULTIPLE CRYPTOCURRENCY COMPANIES APPLY FOR OCC BANK CHARTER

Over the past month, three cryptocurrency companies filed for a bank charter with the Office of the Comptroller of the Currency (“OCC”).

In November, Anchorage, a digital asset custodian, filed an application for a national trust charter with the OCC. Anchorage’s General Counsel announced in a statement that a national bank charter would be significant for the following reasons: (i) it would put Anchorage on par with other national banks from a regulator perspective, making it easier for traditional banks….Read More