Breaking: The US Office of the Comptroller of the Currency (OCC) has greenlit BitGo and Fidelity Digital Assets to operate as national trust banks. This marks a watershed moment for digital asset custody, as both firms can now offer fiduciary services under federal banking framework. BitGo, specializing in institutional Bitcoin and crypto storage, and Fidelity Digital Assets, leveraging its parent company's wealth management dominance, are now positioned to scale digital asset services through legitimate banking infrastructure. The move underscores regulators' shift toward institutionalizing crypto markets rather than blocking them.
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AirdropNinja
· 12-12 21:51
Finally here, regulation also has to bow
BitGo and Fidelity are directly going ashore with this wave
Institutionalization is inevitable
But it still depends on what happens next
Will Bitcoin go up?
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ETHReserveBank
· 12-12 21:37
Oh no, BitGo and Fidelity are really about to take off.
Wait, did the OCC really change its stance? That must have cost a lot of lobbying fees...
With the banking license issue, it feels like there's hope for the crypto space?
I just want to know if there will be another reversal down the line...
The path toward institutionalization seems unstoppable.
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GreenCandleCollector
· 12-12 21:30
Wow, BitGo and Fidelity have obtained national trust licenses? Now institutions are daring to come in.
Breaking: The US Office of the Comptroller of the Currency (OCC) has greenlit BitGo and Fidelity Digital Assets to operate as national trust banks. This marks a watershed moment for digital asset custody, as both firms can now offer fiduciary services under federal banking framework. BitGo, specializing in institutional Bitcoin and crypto storage, and Fidelity Digital Assets, leveraging its parent company's wealth management dominance, are now positioned to scale digital asset services through legitimate banking infrastructure. The move underscores regulators' shift toward institutionalizing crypto markets rather than blocking them.