Recent OCC Update: Crypto Banking Is Going Mainstream

Following up the actual crypto momentum from 2020, the Office of the Comptroller of the Currency (OCC) recently announced updates showing how fast crypto and traditional financial services are converging.

Managing the charge ahead, and possibly serving as an example to other institutions is Anchorage, which in January took a conditional trust charger from the OCC, making it the first national bank for digital assets. Despite this growth, though, there are still many obstacles toward wider adoption of blockchain-based banking.