Paxos receives ‘preliminary conditional approval’ for US banking charter by Cointelegraph

Paxos receives ‘preliminary conditional approval’ for US banking charter

The United States Office of the Comptroller of the Currency (OCC) today granted the Stablecoin company and PayPal collaborator Paxos a federal charter to form a national trust bank – just the third such charter that the OCC granted to crypto-native companies.

Paxos joins the custody company Achorage, who was the first to receive a charter in January, and another Guardian Protego, who received their conditional charter in February.

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