Coinbase wins final OCC trust bank charter
Coinbase received final OCC approval for a federally chartered trust bank, enabling regulated custody but not deposit-taking.
What we know
Frank Chaparro reports the approval follows April's conditional nod. Separately, Binance France is winding down by Dec 31 over MiCA licensing.
How the story developed
Coinbase received final OCC approval for a federally chartered trust bank, enabling regulated custody but not deposit-taking.
Coinbase has received a full national trust bank charter from the OCC, a notable regulatory step for a major crypto firm.
Coinbase converted its provisional OCC charter into a full national trust bank charter, bringing custody under federal oversight and opening the way to payments services.
The OCC granted Coinbase full approval for a US national trust charter, a notable institutional step for the exchange.
Compiled with AI by the Global Eye 24 desk from public posts across 3 of our monitored source feeds, and updated each hour while the story develops. Spot an error? Write to corrections@globaleye24.com.