Fold Expands to All 50 US States After Bitgo Receives OCC Banking Charter
PositiveCryptocurrency
- Fold has announced its expansion to all 50 U.S. states following BitGo's receipt of a banking charter from the Office of the Comptroller of the Currency (OCC). This milestone allows Fold to offer Bitcoin services nationwide, enhancing its market presence and accessibility for users.
- The approval from the OCC for BitGo to operate as a national trust bank is a significant regulatory achievement, enabling Fold to leverage BitGo's banking capabilities to provide a wider range of cryptocurrency services. This partnership is expected to strengthen Fold's position in the competitive cryptocurrency landscape.
- This development reflects a broader trend of increasing regulatory acceptance of cryptocurrency firms in the U.S., as several companies, including Ripple and Fidelity, have also received conditional approvals to operate as national trust banks. The OCC's actions indicate a shift towards integrating digital assets into the traditional banking framework, potentially paving the way for more innovations in the financial sector.
— via World Pulse Now AI Editorial System
