REGULATION | Block Seeks U.S. Trust Bank Charter for Bitcoin, Stablecoin Custody
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Jack Dorsey’s Block Seeks National Trust Bank Charter for Bitcoin and Stablecoins
Jack Dorsey’s Block is taking another major step toward integrating cryptocurrency into the traditional financial system by applying for a national trust bank charter in the United States. The company has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, an uninsured national trust bank […]
Block applies for a U.S. national banking license to create Builders Bank & Trust and guard bitcoin and stablecoins. Block entry requests U.S. national banking license and shakes crypto banking aparece primero en Merca2.
Jack Dorsey tries again, but this time not with a payment app or a wallet Bitcoin: his bank customy crypto Block wants to be born directly within the US federal banking system. Block, the fintech founded by Dorsey together with Jim McKelvey, submitted to the Office of the Comptroller of the Currency (OCC) a request to open a [...]
Block seeks OCC approval to launch Builders Bank for Bitcoin
🚨 Block seeks OCC approval to launch Builders Bank for Bitcoin and stablecoins custody. 🪙 Builders Bank would focus on custody, not accept deposits or offer FDIC insurance. 💼 Lee Woolley, with 20 years in finance, is named to lead the new $BTC-focused entity. 📌 This a...
REGULATION | Block Seeks U.S. Trust Bank Charter for Bitcoin, Stablecoin Custody
Jack Dorsey’s payments company, Block, has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, an uninsured national trust bank. The proposed bank would provide custody and related fiduciary services for digital assets, including bitcoin and stablecoins, under OCC supervision, Block said. Builders Bank would not accept deposits or issue loans. Block said the proposed charter would provide a nat…
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