Vast Bank Abandons US Bank Cryptocurrency Initiative

Vast Bank Abandons US Bank Cryptocurrency Initiative

Vast Bank, notable for being the pioneering US bank cryptocurrency provider, has decided to withdraw from the cryptocurrency sector. This decision was taken following an order received from the Office of the Comptroller of the Currency in October 2023. Initially enthusiastic about the potential of integrating traditional banking with cryptocurrencies, Vast Bank’s departure underscores the volatile nature of the US bank cryptocurrency landscape.