Anchorage Digital Returns to Business: US Crypto Bank Wins Regulatory Approval

After a temporary halt, Anchorage Digital, the first U.S. cryptocurrency bank, has received positive news from the Office of the Comptroller of Currency (OCC). The OCC’s decision allows the bank to resume operations after concerns regarding anti-money laundering (AML) and know-your-customer (KYC) procedures arose under the Biden administration. This move signifies a shifting regulatory stance towards cryptocurrencies in the United States.