Paxos receives preliminary conditional approval for the US bank charter
The US office of the Comptroller of the Currency (OCC) today issued a federal charter to the stablecoin company and PayPal employee Paxos to form a national trust bank – only the third such charter the OCC has granted crypto-indigenous companies.
Paxos joins the custody company Achorage, Who was the first to receive a charter in January?and co-administrator Protego who received their conditional charter in February.
Read on on Coin Telegraph
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