This week was a whirlwind of events in the world of finance and technology. From Coinbase Global Inc. securing a conditional approval to operate as a national trust company, to the looming quantum threat to Bitcoin and the ongoing debate on financial inclusivity, the stories were as diverse as they were impactful. Here’s a quick recap of the top stories.
Coinbase Gets Conditional Approval To Operate As National Trust Company
Coinbase Global Inc. announced on Thursday that it has received conditional approval from the Office of the Comptroller of the Currency to form a federally chartered national trust company. The company clarified that it is not transitioning into a commercial bank and will not be taking retail deposits or engaging in fractional reserve banking. The charter aims to bring federal regulatory uniformity to …
