First national crypto bank is approved in the United States

Charlie Taylor


The regulatory agency for US banks and financial institutions, OCC, approved on Wednesday for the first time a bank of digital assets, Anchorage, which is supported by Visa. With this, the company becomes the first nationwide crypto bank in the USA.
With permission announced today, the Anchorage Trust Company, a South Dakota-based company that calls itself "the institutional gateway to cryptocurrencies", has officially become a digital bank and can offer cryptocurrency-related services to its customers.
National fiduciary bank status was granted after a thorough review of the company and its current operations, according to the OCC. "As an executable condition for approval, the company has entered into an operating agreement that establishes, among other things, the OCC's capital and liquidity requirements and risk management expectations," the statement said.
In addition to being supported by Visa, Anchorage also has strong partnerships with Andresseen Horowitz, Blockchain Capital, Paradigm, BlockTower and others. The now cryptocurrency was also a supporter of Facebook's currency project, Diem, which at the time was called Libra.Coinext 760x150

“We are a national bank. The only difference is our line of business, which we are creating cryptographic assets compared to other assets ”, said Anchorage's president, Diogo Mónica, in an interview. “The advantage of having a federally licensed bank is that it prevails over all state laws. The clarity of being regulated by the oldest regulator for banks in the United States sends a very clear message. ”

The move is a confirmation of what has already been predicted by bitcoin experts. In an interview with CNN, COO of Coingoback Neto Guaraci stated that 2022 would be the year of “banking” on cryptocurrency.

“This will popularize access to these digital assets like we’ve never seen before. Bitcoin will be in your purchases, in your bank's app, on your card, machine and so on ”, said Neto Guaraci, from the crypto cashback startup.

UPDATE: With the release of OCC authorization, Anchorage Digital Bank becomes the country's first nationally focused cryptocurrency bank. But last year, bitcoin broker Kraken had already obtained a state authorization to become a bank. Thus, the title of the article was changed.


Invest in cryptocurrencies with security, high liquidity and the lowest rates in the market.
NovaDAX: the most complete exchange in Brazil with over 25 listed cryptocurrencies and the best customer service score.
Discover novadax.com.br

Click to rate this post!
[Total: 0 Average: 0]
Next Post

Chinese publicly traded company invests $ 14 million in Bitcoin mining

Chinese sports lottery company 500.com, listed on the United States, announced that it has signed a purchase contract to acquire bitcoin mining machines. The deal involves the issue of $ 14.4 million in common shares of the company. The total value of the transaction will allow the company to acquire […]

Subscribe US Now