Coinbase Gets OCC’s Blessing to Launch Trust Bank
By PYMNTS
AI summary of the source article
Coinbase has reportedly received regulatory approval from the U.S. Office of the Comptroller of the Currency to establish a nationally-chartered trust bank.
Why it matters
The approval "marks the latest example of digital asset companies moving into the traditional finance space."
Key facts
- Coinbase received regulatory approval from the U.S. OCC to set up a nationally-chartered trust bank.
- The approval represents digital asset companies moving into the traditional finance space.
Source excerpt · PYMNTS
Coinbase has reportedly gotten regulatory approval to establish a nationally-chartered trust bank. The approval by the U.S. Office of the Comptroller of the Currency (OCC) marks the latest example of digital asset companies moving into the traditional finance space, Bloomberg News reported Monday (Nov. 9). “Our approval shows that crypto is here to stay and […] The post Coinbase Gets OCC’s Blessin…