Odaily Planet Daily News According to Twitter user @AP_Abacus, sources said that the Federal Reserve and the financial regulator, the Office of the Comptroller of the Currency (OCC), are conducting large-scale de-banking of cryptocurrencies. The OCC will soon come up with a document that the stablecoin BUSD issuer Paxos and other blockchain companies have been told by the OCC to withdraw their applications for bank licenses. "Venture capital institutions are beginning to worry that their crypto portfolio companies are being de-banked on a large scale."