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Coinbase gets conditional US approval for trust charter

From finance.yahoo.com

Coinbase Global has received conditional approval from banking regulators for a national trust company charter, Bloomberg News reported on Thursday, in a move that could boost the biggest U.S. ​cryptocurrency exchange's appeal among large institutional investors. Full approval from the Office of the Comptroller of the Currency would let Coinbase operate as a federally regulated crypto custodian. Greg Tusar, the ⁠company's vice president of product management, told Bloomberg in an interview that a ⁠complete nod could also help the firm offer new products such as tokenized securities and allow it ​to issue ... (full story)

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