Citing CoinEdition, the Office of the Comptroller of the Currency (OCC) has released preliminary findings from its review of debanking practices at major US banks, revealing that institutions imposed restrictions on several lawful sectors, including digital-asset businesses, between 2020 and 2023. Analysts argue the report omits regulatory pressures, such as FDIC guidance on crypto, that influenced bank policies. The OCC also confirmed that national banks may conduct riskless-principal crypto-asset transactions, provided they meet safety and compliance requirements. The review is ongoing, with further findings expected.
OCC Review Reveals US Banks Restricted Crypto and Other Sectors
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Summary
Citing CoinEdition, the OCC has released preliminary findings on debanking practices, revealing U.S. banks restricted crypto and other sectors from 2020 to 2023. The report excludes regulatory pressures like FDIC crypto guidance. National banks are allowed to handle riskless-principal crypto transactions if they meet compliance standards. The review is ongoing. Analysts note the findings could impact **liquidity and crypto markets**, especially as **CFT** concerns remain a key factor in bank decision-making.
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