OCC Conditionally Approves Trust Company Charter for Crypto Firm
By EsqSocial Corporation 29/04/21
The OCC granted preliminary conditional approval on April 23 to an application to charter Paxos National Trust (Paxos) as an uninsured national trust bank. Paxos, which currently operates as a New York state-charted limited liability trust company regulated by the New York Department of Financial Services and has indicated in public statements that it intends…...
By: Morgan Lewis - All Things FinReg