2025-12-13 00:22:27

The U.S. Office of the Comptroller of the Currency (OCC) has officially approved BitGo and Fidelity Digital Assets to operate as national trust banks. This represents a landmark regulatory endorsement, granting these leading Bitcoin infrastructure and digital asset custodians the legal framework to provide banking services at the national level. The approval underscores growing institutional recognition of cryptocurrency's role in the financial ecosystem and reflects regulatory progress toward mainstream crypto adoption. Both firms can now leverage their chartered bank status to expand custody solutions, offering enhanced security and compliance standards for institutional and retail clients managing digital assets.

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GasFeeCrier

· 5h ago

Finally waiting for this moment, OCC has really moved BitGo and Fidelity obtained national trust bank licenses? That's outrageous, traditional finance is really retreating Why are so many people still worried about regulation? This is the best news Americans finally understand that crypto is the future Hmm... if this continues, institutional entry is just a matter of time But it's just worried that this will make crypto too "formal," losing its flavor BitGo has made a huge profit from this move, have been optimistic about these two for a long time

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GasFeeCryBaby

· 18h ago

Wow, OCC really approved it? BitGo's move is definitely secure now.

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ShitcoinConnoisseur

· 12-13 00:52

Finally waiting for this moment, BitGo and Fidelity obtaining the nationwide trust bank licenses is truly a watershed moment. It seems Wall Street is really about to fully embrace cryptocurrencies, not just talk. With the OCC this move, institutional investors are probably itching to get involved again. America's regulatory tactics are still the same old story: first restrict you, then give you a "legal status," and then the harvesting begins. Traditional giants like Fidelity entering the scene feel like a turning point for the industry. The financial backing behind BitGo is also not to be underestimated; now the custody race is about to heat up. Waiting for other platforms to follow suit and apply for licenses—regulatory wave is coming, everyone. Regulatory approval does not equal market good news; don’t be misled by the hype.

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GweiTooHigh

· 12-13 00:50

Whoa, did BitGo and Fidelity really get bank licenses? Crypto is really moving into the mainstream now.

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QuietlyStaking