Jack Dorsey's Block Applies for Bank Charter to Custody Bitcoin

regulatory

Jack Dorsey’s Block has applied for a U.S. bank charter that would allow it to provide regulated Bitcoin custody services. The move would bring Block’s Bitcoin offerings under bank-level oversight and potentially expand institutional access to custody through a major payments company. Approval could strengthen mainstream adoption and competition in the regulated digital-asset custody market, though the application remains subject to regulatory review.

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https://news.google.com/rss/articles/CBMinAFBVV95cUxQZEFNaG5nX2xRa0xWdFBfWnN5SEdZU05aaWtETUhWYmVrQ2xhZFViLVMtSlI1bWJHaGttVzl0ZkVzak1YRlBqMlpOYkl0ZzQ0UWRHNnNTZFl3b0FCUzk5d1M1aGdVNnhTRGprWDJTaTJyVWRhSHd6UXJSRHF2SnM1WXgxZHpMYTRXVkFTeEpnWGtiYUJ3Y09OVDJMZXQ?oc=5

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