9 mega banks block crypto accounts, but new OCC rules bite back
New OCC findings put crypto restrictions in a nine-bank record, while AML, sanctions and operational assessments still shape access. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Nine major banks have been found by the OCC to be blocking crypto-related accounts, according to new regulatory findings that document the restrictions. The report notes that anti-money-laundering rules, sanctions compliance, and operational risk assessments continue to determine whether crypto firms can access banking services. For traders, the story highlights ongoing banking friction for crypto businesses, though the OCC's scrutiny could eventually push banks to loosen blanket restrictions.
