Home Topics Business Paxos receives preliminary conditional approval for the US bank charter

Paxos receives preliminary conditional approval for the US bank charter

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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