Anchorage Obtains Federal License to Operate as Crypto Bank
The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country.
In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter, which allows it to create Anchorage Digital Bank, following a thorough review of its operations.
With the approval, Anchorage will now be expected to comply with the capital and liquidity requirements of the OCC and certain risk management procedures. The firm signed an agreement with the banking regulator to this effect.
Japan s top securities regulator says XRP is not a security
Download PDF / Print
Quick Take
Japan’s FSA, the country’s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security.
This is the first time the FSA has commented directly on the legal status of XRP.
Japan s Financial Services Agency (FSA), the country s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security.
The question has become relevant recently in light of the U.S. Securities and Exchange Commission s allegation that by selling XRP the firm engaged in sales of unregistered securities and because just about one month ago Ripple CEO Brad Garlinghouse said that the firm might leave the U.S. in search of a more friendly regulatory environment.