Anchorage Digital’s Master Account: The Future of Crypto Banking
Anchorage Digital applying for a Federal Reserve master account is like finding a golden ticket in a chocolate bar. This move could change the way crypto banking operates, especially for startups. It promises better efficiency and raises the bar for compliance that all startups must now meet. So, what is this all about and why does it matter?
The Game-Changing Master Account Application
Anchorage Digital isn’t just any player in the crypto space. They were the first U.S. crypto bank to get a national trust bank charter from the Office of the Comptroller of the Currency (OCC) and now they’re aiming for a master account with the Federal Reserve. If they get it, it means they can directly use the U.S. central banking system and the…
