The U.S. Office of the Comptroller of the Currency (OCC) has opened national bank charters to digital asset firms, allowing them to custody and manage assets under federal regulation. While the OCC has conditionally approved applications for firms like Circle, Ripple, and Coinbase, it continues to enforce strict standards, recently rejecting applications from fintechs Bunq and Wise over supervisory and compliance concerns. This regulatory shift occurs alongside broader institutional blockchain adoption by Wall Street firms.
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