The Office of the Comptroller of the Currency (OCC) has terminated its consent order against Anchorage Digital, recognizing the bank's compliance with safety and soundness regulations. This decision marks the conclusion of a process that began in 2022 when Anchorage faced scrutiny for not adequately implementing compliance measures related to the Bank Secrecy Act and anti-money laundering requirements. Founded in 2021, Anchorage made history as the first federally chartered digital asset bank, providing institutional services including custody and trading of digital assets. The OCC's termination of the consent order emphasizes Anchorage’s commitment to regulatory standards, with CEO Nathan McCauley noting their efforts to establish trust and security in the rapidly evolving digital asset landscape.

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