• OCC banks cannot discriminate crypto
    Cryptocurrencies,  Politics,  Regulation

    Treasury Dept says banks cannot discriminate against industries like crypto

    Acting Comptroller of the Currency Brian Brooks, a former Coinbase executive, issued another ruling aiding cryptocurrency companies

    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 Silvergate partnership
    Cryptocurrencies,  Regulation,  United States

    Binance.US announces Silvergate Bank partnership as parent Binance cuts off U.S. users

    Leading cryptocurrency exchange Binance is giving U.S.-based users 90 days to move to Binance.US or other exchanges; meanwhile Binance.US is stepping up its institutional game

    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.

  • Anchorage SOC 1 Type 1
    Cryptocurrencies,  Technology

    Crypto custodian Anchorage secures prestigious SOC 1 Type 1 audit

    Big four auditor Ernst & Young performed the rigorous review of Anchorage’s financial reporting

    “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.

  • Jewel Anchorage partner crypto loans
    Cryptocurrencies

    Jewel, Anchorage to partner for crypto-collateralized loans

    Bermudian banking hopeful Jewel plans to offer clients loans and lines of credit secured by digital assets that remain safely in custody

    “As the lines continue to blur between the digital asset space and traditional finance—and as the institutional appetite for crypto-native financial services continues to swell—relationships like this one will play a key role in accelerating the maturation of the space, as well as crypto's broader adoption,” said Nathan McCauley, co-founder and CEO of Anchorage.

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