US OCC Says Major Banks Restricted Services to Crypto Firms
The U.S. Office of the Comptroller of the Currency (banking regulator) reports nine major banks limited services to crypto companies between 2020 and 2023 amid ongoing investigations.
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Terms & Concepts
Office of the Comptroller of the Currency (OCC): A U.S. federal banking regulator overseeing national banks and federal savings associations.
Crypto companies: Businesses engaged in cryptocurrency-related services such as exchanges, payment platforms, or blockchain solutions.