Crypto.com Receives Conditional OCC Approval to Launch U.S. National Trust Bank
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Crypto.com received conditional approval from the OCC to establish a national trust bank focused on crypto custody, staking, and trade settlement. The bank, pending final authorization, will not accept deposits or issue traditional loans.
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- Crypto.com received conditional approval from the OCC to form a national trust bank.
- The bank will focus on crypto custody, staking, and trade settlement services.
- It will not accept deposits or issue traditional consumer or business loans.
Crypto.com has taken a big step toward becoming a federally regulated crypto institution in the United States. The company announced that it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
If fully approved, the new entity will operate as Foris Dax National Trust Bank, doing business as Crypto.com National Trust Bank. However, this is not final authorization.
“This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted and secure services they expect from Crypto.com,” said Kris…
Read The Full Article Crypto.com Receives Conditional OCC Approval to Launch U.S. National Trust Bank On Coin Edition.
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