Wu Blockchain (@WuBlockchain): According to WSJ, digital asset custodian BitGo said it received conditional approval from OCC on Friday to convert into a bank, which upon final appr…
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According to WSJ, digital asset custodian BitGo said it received conditional approval from OCC on Friday to convert into a bank, which upon final approval would allow it to custody digital assets and certain non-deposit financial assets and to offer regulated crypto-related services. In addition, crypto reporter Eleanor Terrett reported that OCC has also conditionally approved applications from several other crypto firms, including Ripple, Circle, Fidelity, and Paxos, to establish or convert into national trust banks. https://twitter.com/i/web/status/1999527672603623733 & https://t.co/YOqqLm7NgJ