Five Crypto Firms Step Closer to Become a Bank, Including Ripple, Circle, Fidelity
Five digital asset firms have received conditional approvals Friday to become federally chartered banks by the Office of the Comptroller of Currency (OCC) in a major step to bring U.S. dollar stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank are on the list, which also includes...
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