Blockchain and Cryptocurrency: People, Culture and Tech
Silvergate, one of the first banks to embrace crypto, has been on tear thanks to its decision to accept cryptocurrency customers when no other banks would.
Targeting one of the cryptocurrencies biggest complaints, the Office of the Comptroller of the Currency proposed a rule on Nov. 20 that would require banks to “provide access to services, capital, and credit based on the risk assessment of individual customers, rather than broad-based decisions affecting whole categories or classes of customers.”
Binance.US, the American arm of the leading cryptocurrency exchange Binance, has partnered up with digital asset-friendly Silvergate Bank to offer corporate customers around-the-clock trading.
“Successfully completing this examination and being granted the SOC 1 Type 1 report more formally signifies something we have long known: the controls and processes Anchorage has developed are world class, and meet a truly rigorous standard,” said Jennifer Lee, Anchorage’s head of compliance.
