OCC Approved! America's First National-Level Crypto Bank is Born

Cryptocurrency custody institution Anchorage has received conditional approval for a national trust license from the Office of the Comptroller of the Currency (OCC), becoming the first national-level 'digital asset bank' in the United States. The protection, management, and trading of digital assets have long been regulatory barriers for large financial institutions, but these barriers are gradually being removed. A week ago, the OCC had already issued three interpretive letters, laying the foundation for banks to custody cryptocurrencies, participate in blockchain networks, and become payment providers using this technology.