Coinbase Gets Conditional Approval From Banking Regulator—But Isn't Launching a Bank
Coinbase plans to refine its services after receiving conditional approval for a national trust bank charter, allowing for federal regulatory uniformity in asset custody. This marks a step toward closer integration with traditional finance, enabling potential new products and payment expansions. However, Coinbase will not operate as a traditional bank or accept deposits from individuals.
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Decrypt·04-02 16:25