Coinbase’s Trust Charter: A New Era for Crypto Regulation and Startups
Coinbase is going for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC). This isn’t just about Coinbase, though. This move could change the game for crypto startups everywhere, especially in Asia. It could mean a stronger foundation for crypto payroll compliance and pave the way for more startups to thrive.
What Coinbase is Up To
Coinbase wants to expand its services under federal oversight. This is a big move towards aligning with U.S. regulations, and it might help make the crypto market a bit more trustworthy for institutions. But they aren’t becoming a full-blown bank. They’re sticking to their guns, focusing on custody and crypto services under a single regulatory framework.
