Crypto Companies Get Prelim Bank Charters
Update: 2025-12-12
Description
Major cryptocurrency companies, including Ripple and Circle, receive preliminary approval from the OCC to establish national trust banks, marking a significant step towards integrating digital assets into traditional banking. This could allow these companies to manage and hold assets for customers and settle payments faster. However, final approval is still needed, and the traditional banking industry has expressed concerns about potential systemic risk. This development underscores the evolving landscape of digital finance and the ongoing evaluation of cryptocurrency policies.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
