Crypto custodian BitGo has received conditional approval from the U.S. OCC to convert into a bank. Once finalized, it will operate as a federally chartered national trust bank, custody digital assets, and offer regulated crypto services without state-by-state licensing.
#Crypto #Regulation
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BITGO CLEARS KEY STEP TOWARD BECOMING A U.S. BANK
Crypto custodian BitGo has received conditional approval from the U.S. OCC to convert into a bank. Once finalized, it will operate as a federally chartered national trust bank, custody digital assets, and offer regulated crypto services without state-by-state licensing.
#Crypto #Regulation