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Block Seeks Approval to Establish National Trust Bank, with Plans to Provide Custody Services for Bitcoin and Stablecoins
18 hour ago /
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Author：小编
Payment firm Block, which was established by Jack Dorsey, has submitted an application to the US Office of the Comptroller of the Currency (OCC) to set up an uninsured national trust bank known as Builders Bank & Trust. Once the application is approved, the bank intends to provide custody and other trust-related services for Bitcoin and stablecoins, with the goal of creating a federal regulatory framework for businesses operating in this sphere. Presently, numerous fintech and cryptocurrency firms are either in the process of seeking or have already secured banking licenses from this regulatory body.
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