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Coinbase Receives National Trust Charter From OCC
(2 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has been granted a national trust charter by the Office of the Comptroller of the Currency (OCC). The charter subjects Coinbase to strict federal banking mandates and regulatory oversight. This makes Coinbase one of the first major crypto companies to obtain this type of federal banking authorization.
WHY IT MATTERS
Think of a national trust charter like a federal license that lets a company hold and manage assets on behalf of customers, similar to how a bank holds your money.
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SOURCES
- cryptoslate.com
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