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The first federal-level crypto bank appeared in the USA

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The first federal-level crypto bank appeared in the USA

The US financial regulator has authorized Anchorage to provide custody services for digital assets. The president of the company Diogo Monica told how this gives it an advantage.

crypto bank

The first federal-level cryptocurrency bank appeared in the United States. The Office of the Comptroller of the Currency (OCC) has issued a license to Anchorage, which the latter posted on its blog. It provides custody services for digital assets, including institutional investors.

“We are a national bank. The only thing that distinguishes us from an ordinary bank is the direction of our activity: we work with cryptocurrency” – said Diogo Monica, President of Anchorage. He noted that the national work permit gives the company a significant advantage – it does not have to follow the regulation of individual states.

Who else in the US can provide crypto bank services?

Anchorage is not the first crypto bank in the US. In September, the Kraken crypto exchange received permission to create a bank to work with digital assets. Now it can provide services for storing cryptocurrency, and clients can pay bills in it and receive a salary in it. But this opportunity only works in the state of Wyoming.

In July, the OCC (The Office of the Comptroller of the Currency)  authorized US national banks to provide cryptocurrency custody services. The department emphasized that banks can offer safer custodian solutions than existing proposals on the market.

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