POPA ReconCircle has received final approval from the Office of the Comptroller of the Currency to establish a national trust bank. (It was already…
Circle has received final approval from the Office of the Comptroller of the Currency to establish a national trust bank. (It was already conditionally approved in December last year) I think this is the first time a crypto company has received final approval since Anchorage Digital in 2021. In addition, Coinbase, Crypto.com, and Morgan Stanley are still subject to conditional approval. + I looked it up and found that Ripple, Paxos, Bitgo, and Fidelity were also conditionally approved on the same day as Circle. https://x.com/circle/status/2075521704236077081?s=20
The excerpt is quoted from a public Telegram channel, which owns its text.