Block Submits Application To Office Of Comptroller Of Currency To Establish Builders Bank & Trust
If approved, Builders Bank would operate as a federally regulated national trust bank under OCC supervision and would provide custody and related fiduciary services, including for bitcoin and stablecoins. The charter
Block is asking the government for permission to start a bank that would hold and protect people's money and digital coins like bitcoin. If it gets approved, this shows Block wants to be a bigger, more trusted place for people to keep their crypto and regular money safe.
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