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As far as Republicans and Democrats are concerned, their divisions are not just about taxation and the infrastructure bill — the crypto industry and its regulation is also a point of contention as parties are seemingly picking sides.
Bitcoin Payments Startup BitPay Applies for US Banking License Dec 10 2020 · 10:45 UTC by Bhushan Akolkar · 2 min read Photo: Depositphotos You have successfully joined our subscriber list. BitPay has submitted the complete paperwork work to the US OCC to establish a federally-regulated bank in Georgia. Crypto companies in the US are now taking the bold route of securing a national banking license. On Tuesday, December 8, BitPay filed for the paperwork with the US Office of the Comptroller of the Currency (OCC) to build a federally regulated bank. As per the legal notice published in the...
News Bitcoin (BTC) payments giant BitPay aims to form a national trust bank, based on its recent filing with the United States Office of the Comptroller of the Currency. “We confirm BitPay has filed an application with the United States Office of the Comptroller of the Currency (OCC) to establish BitPay National Trust Bank,” BitPay general counsel and chief compliance officer, Eden Doniger, told Cointelegraph. “A national trust bank is a limited purpose national bank that engages in trust activities.” A representative for the OCC told Cointelegraph that the office received BitPay's ...