[Wu Blockchain News] Coinbase wins final OCC approval for national trust bank charter
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The charter covers crypto custody, payments and potential stablecoin issuance or administration, though it does not permit ordinary deposit-taking or lending like a traditional commercial bank. The approval gives Coinbase a federally regulated framework for expanding its institutional custody and payments business. It also marks another step in U.S. regulators' gradual accommodation of crypto firms under the national trust bank structure. What to watch next is how quickly Coinbase scales custody and stablecoin-related services under the charter and whether other exchanges pursue similar federal approvals.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Coinbase (COIN), Office of the Comptroller of the Currency
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