Coinbase Wins Full OCC National Trust Bank Charter

Cointime update: The U.S. Office of the Comptroller of the Currency has granted Coinbase National Trust a full national trust bank charter, upgrading the conditional approval it received in April. Coinbase said it spent months building compliance systems, hiring staff and undergoing regulatory review before the OCC signed off. The charter lets the entity provide federally regulated custody and payments services, though it will not operate as a full-service bank taking deposits or making loans.