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52CRYPTO

Jack Dorsey's Block applies for US bank charter for Bitcoin custody

⚡ Markets: A move by a major fintech player to secure a federal charter for crypto custody would be a landmark for regulatory integration. It could provide a blueprint for other firms and increase institutional confidence in the digital asset class.SQBTC

Block, led by Jack Dorsey, has applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). The proposed 'Builders Bank' would focus on providing federally supervised custody for Bitcoin and other digital assets, without offering traditional loans or taking deposits.

West MSM: noneFinancial press 31 country
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