Coinbase Receives Conditional Approval for US Trust Charter
Cointelegraph
Coinbase has received conditional approval from the US Office of the Comptroller of the Currency for a national bank trust charter.Summary
Coinbase has been granted conditional approval for a national bank trust charter by the US Office of the Comptroller of the Currency (OCC) following a six-month review process. Chief legal officer Paul Grewal confirmed the development, noting that while the company does not intend to operate as a traditional bank, the approval represents a major step in integrating cryptocurrency with the traditional financial system. This move follows similar regulatory approvals granted to other major industry players, including Ripple Labs, BitGo, Circle, Fidelity Digital Assets, and Paxos.
(Source：Cointelegraph)