Summary
- The Office of the Comptroller of the Currency (OCC) has reportedly withdrawn the consent order imposed on virtual asset bank Anchorage Digital.
- In the past, the OCC stated that the action was taken due to deficiencies in the Anti-Money Laundering (AML) and Know Your Customer (KYC) programs.
- This withdrawal is seen as a signal of a shift toward a more accommodating regulatory approach to the virtual asset industry by the US government.
On the 21st (local time), The Block, a media outlet specializing in virtual assets (cryptocurrencies), reported that the Office of the Comptroller of the Currency (OCC) has withdrawn the consent order previously issued to the virtual asset bank Anchorage Digital.
A consent order is a system for settling a case through an administrative disposition without litigation, based on an agreement between the parties. The OCC issued this order in 2022 during the Biden Administration, citing deficiencies in Anchorage's Anti-Money Laundering (AML) and Know Your Customer (KYC) programs.
This move is interpreted as a signal that the US government is shifting toward a more favorable regulatory stance on the virtual asset industry.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
