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via forexcrunch.comPolitics

OCC grants Coinbase a full national trust bank charter

FROM THE WIRE · FOREXCRUNCH.COM

The OCC granted Coinbase a full national trust bank charter, moving its custody business under direct federal supervision with a three-year migration plan.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe charter places Coinbase custody under direct federal supervision, a regulatory milestone relevant to the crypto sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The OCC granted Coinbase a full national trust bank charter.
  2. 02Its custody business moves under direct federal supervision.
  3. 03A three-year migration plan is in place.

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