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OCC Report Reveals 9 Major US Banks Debanked Crypto and Politically Sensitive Businesses (2020-2023)

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An OCC report cited by CoinoMedia shows nine major U.S. banks cut ties with crypto and politically sensitive firms from 2020–2023, without proper CFT due diligence. The OCC urged banks to stop denying services to lawful businesses based on industry or controversy. The report links the trend to increased scrutiny over liquidity and crypto markets. No banks were named, but the warning highlights regulatory moves against biased financial practices.
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