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⛓️ Crypto🟢 BullishImportance 7/10
ZeroHash Applies for National Trust Bank Charter as OCC Crypto Pipeline Grows
2 images via Decrypt
🤖AI Summary
ZeroHash has applied for a national trust bank charter from the OCC to provide crypto custody services, while Revolut is pursuing a full U.S. banking license. This represents continued expansion of the OCC's crypto regulatory pipeline as traditional financial institutions seek formal banking status for digital asset services.
Key Takeaways
- →ZeroHash is seeking OCC trust bank charter status specifically for cryptocurrency custody services.
- →Revolut is simultaneously pursuing a comprehensive U.S. banking license.
- →The OCC's crypto regulatory pipeline continues to expand with new applications.
- →Traditional financial institutions are increasingly seeking formal banking status for digital asset operations.
- →Trust bank charters represent a pathway for crypto companies to offer regulated custody services.
Read Original →via Decrypt
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