Anchorage Digital Bank escaped a federal banking regulator’s money laundering enforcement action as the crypto lender expands its stablecoin offerings.
The Office of the Comptroller of the Currency terminated an April 2022 consent order it had reached with Anchorage Digital over its lack of controls to prevent money laundering or report suspicious transactions, according to a notice the agency announced Thursday.
Anchorage Digital received a national trust bank charter from the OCC in January 2021, making it the first crypto-focused bank to win a federal banking license.
“With our consent order lifted, we’ve proven definitively that crypto and federal oversight ...
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