Crypto’s Circle seeks U.S. national trust bank charter to custody its own reserves

Circle wants a national trust bank. That’s the play. After its stock exploded post-IPO, the company filed a formal request on Monday with the Office of the Comptroller of the Currency (OCC) to launch what it’s calling First National Digital Currency Bank, N. A. If it’s approved, Circle would finally have the legal power to custody […] source: https://www.cryptopolitan.com/circle-seeks-national-trust-bank-charter/