This week, the Office of the Comptroller of the Currency (OCC) denied a UK company’s application for a US banking charter, citing anti-money laundering (AML) and counter-financing of terrorism (CFT) risks, according to CoinTelegraph.
The decision stands in contrast to OCC’s approvals of similar charters for other digital asset companies over the past year, highlighting increased regulatory scrutiny in this sector.
For Japanese investors and firms, this underscores the evolving regulatory landscape in the US, which could influence cross-border digital asset operations and compliance requirements.