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Coinbase Receives Federal Approval for Crypto Custody Trust Charter

The company can operate under a single federal regime instead of separate state licenses

№ 1704Published 1 min read

The OCC approved a national trust charter for Coinbase National Trust Company. This allows Coinbase to conduct its custody business under a single federal regime rather than using separate state licenses.

The company previously operated with New York permits, including a BitLicense and a limited-purpose trust charter. Coinbase says it has custody of digital assets for more than 14 years.

The Daily Hodl reports that community bank bankers filed a lawsuit in October challenging the OCC’s approval of cryptocurrency banking charters.

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Coinbase Wins OCC Federal Trust Charter | $uicideChain