The Office of the Comptroller of the Currency (OCC) has announced the withdrawal of Anchorage Digital's consent to rectify. The document was originally issued in 2022 under the Biden administration due to insufficient anti-money laundering (AML) and customer due diligence (KYC). The OCC said the bank's robustness and compliance no longer required the requirement.
During the year of the Trump administration, the attitude of US regulators towards cryptocurrencies has gradually turned friendly. The Federal Reserve has withdrawn its previous guidance restricting banks' participation in crypto business and issued a joint statement with the OCC on how existing rules apply to banks escrow customers' crypto assets.
US OCC Cancels Requirements for Anchorage Digital Rectification, Regulatory Attitude Turns Friendly
2025-08-21 19:22:58
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