Coinbase Receives Full OCC Banking Charter Approval
(4 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has received full approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a nationally chartered bank. The approval comes as part of a broader trend of crypto companies seeking traditional banking licenses, with Ripple also reportedly pursuing similar efforts.
WHY IT MATTERS
Think of a banking charter like a government-issued license that allows a company to operate as a real bank — accepting deposits, lending money, and providing financial services just like traditional banks do.
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SOURCES
- cryptonews.com
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