BitGo receives OCC approval to convert into a federal bank, establishing crypto compliance infrastructure across all 50 states

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【Crypto World】BitGo has just received approval from the Office of the Comptroller of the Currency (OCC) to officially become a federally chartered bank. After operating under the new identity of BitGo Bank & Trust, what can this company’s crypto-as-a-service infrastructure do? Simply put — it can now provide compliant digital asset solutions across all 50 states in the United States.

This is significant for companies like Fold that require nationwide Bitcoin services. A unified federal regulatory framework means no more navigating compliance paths across different states; a single standard can be used nationwide. This reflects a larger trend: traditional financial institutions and regulators are gradually recognizing crypto infrastructure. From a technical perspective to legal compliance, BitGo’s move is quite pivotal.

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· 12-18 15:10
Oh wow, BitGo is really back in action now, with OCC backing coverage across all 50 states... I just want to know if more institutions will follow suit in the future. Traditional finance didn't give the cold shoulder this time; regulatory approval signals came quite quickly. This is truly a long-term positive, not just some hype or concept trading. Having a unified regulatory framework makes things easier, much better than the guerrilla tactics used by different states before. By the way, Fold is probably opening champagne now, finally no more compliance hassles.
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