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Coinbase Receives Final OCC Approval for Federal Trust Bank Charter
(4 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has received final approval from the Office of the Comptroller of the Currency (OCC) for a federal trust bank charter. The company joins Circle and Ripple, which have also obtained similar federal banking charters. This approval allows Coinbase to operate as a federally regulated trust bank.
WHY IT MATTERS
Think of a bank charter like a license to operate as a bank under federal rules.
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SOURCES
- decrypt.co
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OCC RegulationFederal Banking CharterCrypto RegulationInstitutional AdoptionCustody
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