U.S. OCC Head: "Banks Should Not Obstruct Trust Bank Licenses for Virtual Asset Companies"
Summary
- The head of the U.S. Office of the Comptroller of the Currency (OCC) criticized that traditional banks should not obstruct virtual asset companies from securing trust bank licenses.
- Gould emphasized that there is no reason to treat digital assets differently from existing assets.
- He stated that over the past year there have been 14 new license applications, and many of them were related to digital assets and fintech services.
The head of the U.S. Office of the Comptroller of the Currency (OCC) criticized the practice of traditional banks obstructing virtual asset companies from obtaining trust bank (Trust Bank) licenses.
On the 8th (local time), according to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), Jonathan Gould (Jonathan Gould), the OCC head, said, "There is no reason to treat digital assets differently from existing assets," and "Banks should not be confined to past technologies or businesses."
Gould also said, "Over the past year, new license applications have increased to 14, and many of these were related to digital assets and other fintech services."
He added that he is investigating de-banking (restrictions on access to banking services) measures targeting virtual asset companies.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
