US Community Banks Push Back on Coinbase Trust Charter Approval
[ad_1] The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, […]
Coinbase Exec Criticizes Banks’ Pushback to Crypto Charter Application
[ad_1] The Impartial Group Bankers of America (ICBA) is opposing cryptocurrency change Coinbase’s utility for a Nationwide Belief Firm Constitution within the US — a transfer that might threaten banks’ pursuits as the corporate strikes nearer to conventional finance. In a Monday letter to the US Workplace of the Comptroller of the Forex (OCC) — […]