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US Regulator Wants To Stop Banks From Discriminating Against Specific Industries, Including Crypto
Summary: The Office of the Comptroller of the Currency is seeking public comments on rule-making which would stop banks from denying services to businesses based on sector, according to a recent announcement. Comptroller Brian Brooks stated that blanket boycotts of entire industries must stop. This would presumably include the crypto industry. The announcement cited oil and gas ...
The Office of the Comptroller of the Currency is seeking public comments on rule-making which would stop banks from denying services to businesses based on sector, according to a recent announcement.
Comptroller Brian Brooks stated that blanket boycotts of entire industries must stop. This would presumably include the crypto industry. The announcement cited oil and gas companies in Alaska as among industries banks systemically deny services to.
If actions are taken to prevent banking discrimination based on industry, banks would not be able to deny crypto companies access to services simply because they dealt with crypto, as they have done in the past.
By Emily Mason
Tags: Brian Brooks,OCC,Regulation
Link: US Regulator Wants To Stop Banks From Discriminating Against Specific Industries, Including Crypto [Copy]
