Jack Dorsey’s Block seeks OCC approval to establish national trust bank for Bitcoin, stablecoin custody
regulatory
Block, led by Jack Dorsey, has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The proposed institution would provide custody services for Bitcoin and stablecoins, alongside other digital-asset services, without taking traditional deposits or making loans. If approved, the charter would give Block a federally regulated framework for expanding its crypto infrastructure and could strengthen institutional access to Bitcoin custody.
DYOR - Single Source
This feed has limited sources. Do your own research before making decisions.
Sources (1)
AI Research
AI deep dive is generated automatically for verified feeds.