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Paxos (@Paxos), a key player in blockchain and stablecoin issuance, has announced its application for a trust bank license with the US Office of the Comptroller of the Currency (OCC), aiming for federal regulation status.
Paxos is pushing to solidify its standing in the US financial system by seeking a national trust bank charter. If approved, it would place it among a select few crypto-native firms under federal oversight.
This application aligns with Paxos' history of regulatory engagement, having already secured a provisional trust charter in 2021.
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