Coinbase receives conditional approval for national trust charter from OCC
The Block
Coinbase has secured conditional approval from the OCC for a national trust charter to streamline federal regulatory oversight for its custody services.Summary
Coinbase has received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust company charter. The exchange clarified that this move is intended to provide federal regulatory uniformity for its custody and market infrastructure business rather than to operate as a traditional bank. The company emphasized that it will not engage in retail deposits or fractional reserve banking. This development occurs alongside broader industry efforts to secure regulatory clarity for digital assets in Washington, D.C.
(Source：The Block)