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BitPay recordsdata with OCC to change into nationwide crypto-native belief financial institution By Cointelegraph

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BitPay recordsdata with OCC to change into nationwide crypto-native belief financial institution

(BTC) funds large BitPay goals to type a nationwide belief financial institution, primarily based on its latest submitting with america Workplace of the Comptroller of the Forex.

“We affirm BitPay has filed an utility with america Workplace of the Comptroller of the Forex (OCC) to determine BitPay Nationwide Belief Financial institution,” BitPay normal counsel and chief compliance officer, Eden Doniger, informed Cointelegraph. “A nationwide belief financial institution is a restricted goal nationwide financial institution that engages in belief actions.”