OCC says major banks are easing digital asset restrictions, with limits

A review of nine large national banks found crypto firms faced years of restrictive policies, though some of those limits have recently been lifted For years, crypto companies trying to open a bank account often felt like they were applying to an exclusive club with no posted rules. The US Office of the Comptroller of the Currency now says the door is opening, at least partway. The OCC reports that major banks have eased some restrictions on digital asset businesses. It also says those banks still may restrict some of them. The regulator examined nine of the largest national banks in the country. The list includes JPMorgan Chase , Bank of America , Citibank, Wells Fargo , U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank.

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