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What the OCC’s consent order to Anchorage means for the crypto industry
Quick Take
- The Office of the Comptroller of the Currency levied a consent order against crypto bank Anchorage at the close of last month, criticizing the firm’s anti-money laundering practices.
- What should other crypto firms take away from the development?
Orders like these aren't necessarily a sign that a wider wave of enforcement is coming. Either way, they mean that the regulatory process is at work.
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