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Paxos Is Seeking Approval From OCC To Become A National Bank
Summary: According to a public document, Paxos, a crypto custody provider known as PayPal's crypto service partner has applied to the Office of the Comptroller of the Currency (OCC) to become a national bank of the United States, named Paxos National Trust. The bank plans to operate outside of New York. Paxos currently provide services including cash custody, ...
According to a public document, Paxos, a crypto custody provider known as PayPal's crypto service partner has applied to the Office of the Comptroller of the Currency (OCC) to become a national bank of the United States, named Paxos National Trust. The bank plans to operate outside of New York.
Paxos currently provide services including cash custody, cryptocurrency services, digital asset issuance, commodity trading, KYC, etc. Bitpush previously reported that BitPay has also filled the same application to OCC.
By Mary Liu
Tags: Bitpay,Crypto Custody,Cryptocurrency,Digital Asset,KYC,National Bank,OCC,Paxos
Link: Paxos Is Seeking Approval From OCC To Become A National Bank [Copy]
