The largest Crypto exchange coinbase in America became the newest company in the digital assets space to apply to the office of the Comptroller of Currency (OCC) for a National Trust Charter.
The public company announced the relocation on Friday, in the footsteps of Stablecoin Emizers Circle and Paxos, and Fintech Ripple.
“Coinbase does not intend to become a bank,” said the stock exchange. “It is our permanent conviction that clear rules and the confidence of our supervisors and customers enable Coinbase to confidently innovate and at the same time ensure good supervision and security.”
“If approved, the Charter would continue to open opportunities for Coinbase to launch new products that are outside the detention, including payments and related services, with the confidence of regulatory clarity, promoting broader institutional adoption,” the company added.
This is a crushing new story and will be updated.
Daily debrief Newsletter
Start every day with the top news stories at the moment, plus original functions, a podcast, videos and more.
Source link
