TechBlock files for national trust bank charter, CoinDesk reports
Jack Dorsey’s company joins Coinbase, Ripple and Circle in seeking OCC approval to hold bitcoin and stablecoins in custody, CoinDesk says.
TLDR
CoinDesk reports that Block has filed for a national trust bank charter, seeking approval from the Office of the Comptroller of the Currency to custody bitcoin and stablecoins. The report places Block alongside Coinbase, Ripple and Circle in pursuing that approval.
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