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Coinbase Receives Full National Trust Charter From OCC
(2 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has been granted a full federal trust charter by the Office of the Comptroller of the Currency (OCC). This makes Coinbase a nationally chartered trust bank, allowing it to offer custody and fiduciary services under a federal banking framework.
WHY IT MATTERS
Think of a trust charter like a special government license that lets a company hold and protect valuable assets on behalf of customers, similar to how a bank vault works.
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SOURCES
- bitcoinmagazine.com
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OCC RegulationBanking CharterCrypto CustodyInstitutional AdoptionCoinbase
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