CoinVoice has learned that, according to Cointelegraph, the preliminary investigation results from the Office of the Comptroller of the Currency (OCC) show that the nine largest banks in the United States implemented restrictions on financial services for politically sensitive industries, including cryptocurrency, from 2020 to 2023. The OCC stated that these banks made improper distinctions based on the legitimate business activities of customers, either implementing policies that restricted access to banking services or requiring enhanced scrutiny and approval before providing financial services. The restricted industries, in addition to cryptocurrency, also include oil and gas exploration, coal mining, firearms, private prisons, tobacco and e-cigarette manufacturers, and the adult entertainment industry. For the cryptocurrency sector, the restrictions imposed by banks involve issuers, exchanges, or managers, typically attributed to concerns over financial crimes. The banks under scrutiny include JPMorgan Chase, Bank of America, Citibank, Wells Fargo, Capital One, PNC Bank, TD Bank, and BMO Bank. The OCC stated it would continue its investigation and may submit the findings to the Department of Justice. [Original link]