US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

Gate Trade News Saturday, November 21, 2020 16 0

A proposal shared by the Comptroller of the Currency of the US to ban discriminatory practices against crypto businesses is now under consideration

 

2020 was a tough year for crypto, but it seems like the last few months are trying to compensate hodlers for the bad times. And now, the Office of the Comptroller of the Currency is bringing more good news to the crypto space.

 

A recent regulatory proposal issued by the OCC seeks to ensure that crypto businesses enjoy the same facilities when it comes to having a bank account as any other legitimate endeavors.

 

In short, the OCC wants to end with the silent discrimination against crypto businesses. Instead of using general considerations towards all crypto businesses, banks should now evaluate each company individually.