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Anchorage Got Green Light From OCC To Become A National Digital Asset Bank
Summary: Anchorage, a digital asset platform announced today that The Office of the Comptroller of the Currency (OCC) has conditionally approved it to obtain a National Trust Charter, making it the first federally chartered bank in the crypto industry. Diogo Mónica, Anchorage's president said in an interview: "We are a national bank. The only difference is ...
Anchorage, a digital asset platform announced today that The Office of the Comptroller of the Currency (OCC) has conditionally approved it to obtain a National Trust Charter, making it the first federally chartered bank in the crypto industry.
Diogo Mónica, Anchorage's president said in an interview: "We are a national bank. The only difference is our business line, that we’re doing crypto assets versus doing other assets", "The benefit of having a federally chartered bank is that it preempts all the state laws. The clarity of being regulated by the oldest regulator for banks in the United States...sends a very clear message."
Anchorage first applied for the license to the OCC in November last year, and cryptocurrency startups BitPay and Paxos also submitted the same application.
By Mary Liu
Tags: Anchorage,Bitpay,Diogo Mónica,National Bank,OCC,Paxos,Trust Charter
Link: Anchorage Got Green Light From OCC To Become A National Digital Asset Bank [Copy]
