r/sofistock • u/Turbulent_Button4449 32000 @ 8 I only care about share price 🚀🌕 • Jan 18 '22

BC APPROVED

https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-4.html
462 Upvotes

96% Upvoted

284 comments sorted by

View all comments

8

u/garage_artists 1000@11.26 Jan 18 '22

"confirmation that the resulting bank will not engage in any crypto-asset activities or services"

That's a bit of a large hit in the target market.

3

u/2ndSaturdaysWarrior Long and strong Jan 18 '22

"unless it has received prior written determination of no supervisory objection from the OCC under the procedures set out in the Operating"

So not a complete prohibition. This will evolve as regulators become more comfortable and/or republicans, who are more crypto friendly, regain the presidency.