OCC Discloses That Banks Restricted Crypto Services and Granted Conditional License Approvals
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AI-assisted source synthesis · not an independent investigation.
A report published by the U.S. Office of the Comptroller of the Currency (OCC) on October 15, 2026, stated that from 2020 through September 2025, nine large U.S. banks had restricted access to services for crypto businesses and other legitimate industry customers. The report listed digital assets as a restricted industry but did not provide specific examples of crypto companies; the OCC also stated that it was unable to measure how widespread such practices were across the banking industry. The report further said that the OCC had conditionally approved five crypto companies' applications for trust bank licenses, but did not disclose further approval details.
AI-written from reports · updated 4 days ago
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- CryptopolitanSelectedOCC says U.S. large banks restricted services to crypto firms and conditionally approved trust bank charters for 5 crypto companies
An OCC report said that from 2020 to September 2025, 9 large U.S. banks had restricted services to crypto firms and customers in other lawful industries. The report listed digital assets as a restricted industry but provided no specific crypto examples, and OCC said it was unable to measure how widespread such practices were.
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