2h ago
Coinbase says it "is not becoming a bank" after April 2 conditional OCC trust charter approval
Coinbase said on April 2 it received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust charter and stressed it is not turning into a bank. The company says the structure is aimed at institutional custody and crypto-market infrastructure under federal oversight, and it will not take deposits or make loans.