US Comptroller Reports Banks Limiting Services to Legal Crypto Clients
The Office of the Comptroller of the Currency (U.S. banking regulator) says nine major banks restricted or denied services to lawful cryptocurrency businesses and faces ongoing investigation.
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Terms & Concepts
Office of the Comptroller of the Currency (OCC): A U.S. banking regulator that oversees national banks, federal savings associations, and federal branches of foreign banks.
Crypto industry clients: Businesses or entities engaged in legally operating cryptocurrency-related services, such as exchanges, payment processors, or blockchain projects.