Multiple outlets report Coinbase received conditional OCC approval to form Coinbase National Trust Company, framed as a step toward federally regulated custody infrastructure while Coinbase emphasizes it is a trust company, not a retail deposit bank.
Coinbase gains conditional approval for a US national trust company charter.
Coinbase received conditional approval from the OCC to charter a National Trust Company.
UPDATE: COINBASE $COIN CEO SAYS "WE'RE NOT BECOMING A BANK, IT'S A TRUST COMPANY."
Coinbase has now officially received OCC approval to become a U.S. trust BANK.
COINBASE WILL NOT BECOME A BANK!
COINBASE GETS CONDITIONAL OCC TRUST BANK APPROVAL
The firm clarified it will not offer retail deposits or engage in fractional reserve banking
Coinbase has received conditional approval from the OCC to operate 'Coinbase National Trust Company,'
Now Coinbase is a bank,too.
.@Coinbase has received conditional OCC charter approval.
We're not becoming a bank, it's a trust company.
Coinbase receives approval to operate a national trust in the US.
Bitcoin banking is becoming real.
Coinbase receives conditional approval from US regulator OCC to operate the 'Coinbase National Trust Company'
COINBASE ANNOUNCES CONDITIONAL US TRUST CHARTER APPROVAL
conditional approval from the OCC paving the way to operate as a Federally Regulated Trust Bank.
If Coinbase is now a bank, can they settle the crypto/bank debate surrounding the CLARITY Act by negotiating both sides?
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