“Retail investors think an exchange getting a license is good news because it means ‘embracing regulation.’ In reality, it’s the signal that the ‘establishment forces’ have finished clearing the field.
#coinbase
The government deposits the coins it confiscates in licensed banks. That’s not decentralization; it’s just ‘switching to a more sophisticated safe.’”
The U.S. Office of the Comptroller of the Currency (OCC) has formally approved a national trust bank charter for Coinbase National Trust, following an earlier conditional approval.
This means Coinbase can provide custody and payment services under the federal regulatory framework.
#coinbase
The government deposits the coins it confiscates in licensed banks. That’s not decentralization; it’s just ‘switching to a more sophisticated safe.’”
The U.S. Office of the Comptroller of the Currency (OCC) has formally approved a national trust bank charter for Coinbase National Trust, following an earlier conditional approval.
This means Coinbase can provide custody and payment services under the federal regulatory framework.
