Dispatch #21: My Visa Brings All the Crypto to the Bank
The Big Idea
Over the last few months, we’ve frequently covered all of the changes to the US crypto regulatory landscape driven by the Office of the Comptroller of the Currency (OCC). In short, the net impact of the recent guidance has been to make it clear to banks and regulated financial institutions that they are allowed to offer crypto services to their customers.
Perhaps unsurprisingly, then, we’re starting to see the first wave of companies that are creating offerings to help traditional banks do exactly that. The biggest one so far came from Visa in partnership with institutional digital asset platform Anchorage.