U.S. OCC Reports Nine Major Banks Restricted Crypto and Other Legal Industries

The Office of the Comptroller of the Currency (U.S. banking regulator) says banks, including JPMorgan, applied inappropriate restrictions on lawful businesses.

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Terms & Concepts
  • Office of the Comptroller of the Currency (OCC): A U.S. banking regulator overseeing national banks and federal savings associations.
  • Debanking: The act of denying banking services to certain individuals or businesses, often by closing accounts or refusing transactions.
  • Crypto Industry: Businesses and organizations involved in cryptocurrency activities such as trading, mining, or blockchain development.