The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year.
Cointelegraph•Cointelegraph by Turner Wright25 Jul
The OCC has granted conditional approval to several stablecoin-focused entities since December.
The Block•Daniel Kuhn24 Jul
Wise plans to reapply for a national trust bank charter under the GENIUS Act after the OCC denied its original application over AML compliance
CryptoBriefing•Editorial Team24 Jul
The regulator cited money-laundering risk concerns in a rare rejection amid a wave of crypto charter approvals. Wise plans to refile under the GENIUS Act.
The Defiant•The Defiant Team24 Jul
Upstart Holdings receives conditional OCC approval for Upstart Bank, the first nationally chartered bank built on AI underwriting. FDIC and Fed
CryptoBriefing•Editorial Team24 Jul
JPMorgan's lobby retained counsel against the OCC over crypto trust charters. No suit filed, and the threat is the strategy. The war, decoded.
Washington just gave one of the world's largest digital currencies a more official place in the US financial system. On July 10, Circle won final approval from the Office of the Comptroller of the Currency to open a national trust bank under federal supervision. Circle called it a major step for USDC, as the approval […]
CryptoSlate•Andjela Radmilac18 Jul
Preliminary OCC approval outlines a bank that could consolidate key crypto functions, while outside venues and infrastructure remain essential.
CryptoSlate•Liam 'Akiba' Wright15 Jul
The OCC has conditionally approved a proposed Sony Bank trust, while games, the PlayStation Store and a consumer launch remain unannounced.
CryptoSlate•Liam 'Akiba' Wright15 Jul
Circle Internet Group received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank for digital asset custody.
The Daily Hodl•Daily Hodl Staff13 Jul
Circle's federal oversight may boost institutional trust in digital currencies, influencing market dynamics and regulatory approaches.
CryptoBriefing•Estefano Gomez13 Jul
This week’s crypto stories ranged from policy and payments to market stress and Bitcoin infighting. Trump fueled fresh crypto speculation during the launch of Trump Accounts, Sony Bank won OCC approval for a stablecoin trust structure, and Strike rolled out bitcoin-backed loans designed to avoid price-triggered liquidations. At the same time, Michael Saylor stepped into […]
Bitcoin.com News•Alex Richardson12 Jul
Circle's new OCC-chartered trust bank gives USDC federal custody backing, sending CRCL up 10%+ as it claws back OpenUSD selloff losses.
Bitcoin Magazine Circle (CRCL) Wins Final OCC Approval for National Trust Bank Circle won final OCC approval to establish a national trust bank, allowing it to place USDC reserves under federal oversight and expanding its regulated digital asset custody business. This post Circle (CRCL) Wins Final OCC Approval for National Trust Bank first appeared on Bitcoin Magazine and is written by Micah Zimmerman .
Circle's OCC approval could reshape the stablecoin landscape, enhancing regulatory trust and influencing future crypto-banking integration.
CryptoBriefing•Estefano Gomez10 Jul
Circle secured final OCC approval to establish a national trust bank, shifting its $73.2 billion stablecoin to a unified federal framework.
Circle has received approval from the OCC to establish Circle National Trust, a federally regulated national trust bank. The charter strengthens the infrastructure behind USDC and could eventually bring management of the stablecoin’s reserve under direct federal oversight. Jeremy Allaire Hails OCC Charter as Circle Expands USDC Circle Internet Group has received approval from the […]
Bitcoin.com News•Emmanuel Musa10 JulCircle has secured final OCC approval to establish Circle National Trust, expanding regulated digital asset custody services.
AMBCrypto•Adewale Olarinde10 Jul
The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under direct federal supervision. Shares rose more than 10%.
The Defiant•The Defiant Team10 Jul
Circle stock climbed over 14% in pre-market after the USDC issuer won final OCC approval for a national trust bank.
BeInCrypto•Lockridge Okoth10 Jul