Circle Receives U.S. National Bank Charter for Digital Currency Operations
Circle has been granted a national bank charter by the Office of the Comptroller of the Currency (OCC), allowing it to operate as First National Digital Currency Bank, N.A., under the name Circle National Trust. The move is expected to enhance regulatory oversight and legitimacy in its digital asset custody operations, particularly for USDC reserves.
Tickers: $CRCL
Topics: banking regulation crypto digital assets