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Home Markets Cryptos

Anchorage obtains 1st U.S federal Chartered Crypto bank license

Olumide Adesina by Olumide Adesina
January 14, 2021
in Cryptos
Cryptocurrencies, Meet the cryptocurrency catching the world’s attention, Theta Fuel gains 630% in 5 days., U.S regulator invites Banking and Crypto industry leaders for partnership, 3 Crypto Exchanges Control About 14.3%, Circulating BTC Supply. 
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The Office of the Comptroller of the Currency (OCC) has provided conditional approval to Anchorage Digital Bank National Association, the first federally chartered digital asset bank in history.

This development was revealed by the federally chartered crypto bank via its Twitter handle.

It tweeted, “Crypto deserves a bank, and we are immensely proud of being approved as the one to set the standard.”

"Crypto deserves a bank, and we are immensely proud of being approved as the one to set the standard." –@diogomonica and @nathanmccauley

Read the full announcement ??https://t.co/0bvQHtCbCj

— Anchorage (@Anchorage) January 13, 2021

 

Having such a license places Anchorage Digital Bank firmly on the same regulatory footing as other American national banks in the country.

That said, the Crypto bank will be apple to offer unique services such as sub-custody services within reach for any traditional financial bank that wishes to offer customers access to Crypto assets.

Such a banking charter is the first seen in modern history, as the new Crypto bank continued that saying the banking charter will hinge upon unique requirements:

“As an enforceable condition of approval, the company entered into an operating agreement which sets forth, among other things, capital and liquidity requirements and the OCC’s risk management expectations.”

 

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Tags: Anchoragecrypto

Comments 1

  1. Elido gonzalez says:
    January 14, 2021 at 5:43 am

    Porque se muestra este anuncio

    Reply

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