Coinbase Joins Circle, Ripple With Final OCC Approval for Federal Trust Bank Charter
Summary
Crypto exchange Coinbase has secured final regulatory approval for a federal trust bank charter. This decision places the company's institutional custody operations under federal oversight, expanding upon its previous New York trust charter obtained in 2018.
The exchange will move its institutional crypto custody business under federal oversight, building on its 2018 New York trust charter.
Source: Read the full story at Decrypt
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