Wise expected to resubmit US charter application under GENIUS
CoinTelegraph·
60-second summary
Wise is expected to resubmit its US charter application under the GENIUS framework, following the OCC's denial this week citing AML/CFT risks. The OCC has approved similar charters for digital asset companies in the last year, raising questions about the consistency of its decision-making process. This move may impact Wise's expansion plans and the broader fintech industry.
The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year.