Non-Fungible Insights: Blockchain Decrypted
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May 7, 2025
|3 min read
OCC Confirms National Banks May Execute and Settle Digital Asset Trades
On May 7, 2025, the Office of the Comptroller of the Currency (OCC) published Interpretive Letter 1184 (“IL 1184”), which confirms that national banks may
execute and settle digital asset trades on behalf of their customers, so long as the bank acts in an agency capacity and the activity is conducted in a safe and
sound manner.
execute and settle digital asset trades on behalf of their customers, so long as the bank acts in an agency capacity and the activity is conducted in a safe and
sound manner.
March 10, 2023
|2 min read
On February 23, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller
of the Currency (collectively, the “agencies”) issued their second joint statement of the year regarding crypto-asset market vulnerabilities. In this more recent
joint statement, the agencies have drawn their attention to the liquidity risks created by funding from crypto-asset-related entities, and the meth...Read more
of the Currency (collectively, the “agencies”) issued their second joint statement of the year regarding crypto-asset market vulnerabilities. In this more recent
joint statement, the agencies have drawn their attention to the liquidity risks created by funding from crypto-asset-related entities, and the meth...Read more
January 31, 2023
|3 min read
On January 3, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of
the Currency issued a joint statement on crypto-asset risks to banking organizations.
the Currency issued a joint statement on crypto-asset risks to banking organizations.
April 28, 2022
|3 min read
OCC Enters Into a Consent Order With the First Federally-Chartered Digital Asset Bank
The Office of the Comptroller of the Currency (OCC) recently entered into a consent order with the first federally-chartered digital asset bank, Anchorage
Digital Bank (Anchorage Digital), for “fail[ing] to adopt and implement a compliance program that adequately covers the required Bank Secrecy
Act/Anti-Money Laundering (BSA/AML) program elements.”
Digital Bank (Anchorage Digital), for “fail[ing] to adopt and implement a compliance program that adequately covers the required Bank Secrecy
Act/Anti-Money Laundering (BSA/AML) program elements.”