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Coinbase US National Trust Bank Charter Takes Effect
(4 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase's national trust bank charter, granted by the Office of the Comptroller of the Currency (OCC), has officially taken effect. This makes Coinbase one of the first major crypto exchanges to operate under a federal banking charter in the United States. The charter allows Coinbase to offer certain banking-related services under federal oversight.
WHY IT MATTERS
Think of a bank charter like a license that lets a company operate as a bank under federal rules.
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SOURCES
- cointelegraph.com
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Banking CharterOCC RegulationCoinbaseInstitutional CryptoUS Crypto Regulation
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