Anchorage Digital: Due to its involvement in crypto business, it was cut off by traditional banks in 2023
2024-12-04 21:53:15
Anchorage Digital CEO Nathan McCauley said that in January 2023, the company's partner banks said they would no longer work with them because they were "in the cryptocurrency business." Anchorage itself is understood to be a federally chartered bank and was reviewed by the OCC, but was disqualified from participating in banking for its involvement in cryptocurrencies.
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