Anchorage Trust Granted Approval for the First “Digital Bank” in America

Office of the Comptroller of the Currency has given “conditional approval” to Anchorage Trust Company (South Dakota) as the first United States, regulated and insured, digital asset bank.

South Dakota is continuing to be a leader for regulation in the digital asset/cryptocurrency financial sector of America. Similar to Wyoming, the state government clearly sees the benefit in being an early adopter of digital assets by opening the regulatory doors for new businesses to bloom.