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America is creating a new class of crypto banks – but they aren’t really banks

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Circle now has a federal bank charter. However, the charter provides no ordinary checking accounts, FDIC-insured savings accounts, or mortgages. Circle National Trust is part of a new federal cohort built around custody, fiduciary administr…

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America is creating a new class of crypto banks – but they aren’t really banks
CryptoSlate 3h ago

America is creating a new class of crypto banks – but they aren’t really banks

Circle now has a federal bank charter. However, the charter provides no ordinary checking accounts, FDIC-insured savings accounts, or mortgages. Circle National Trust is part of a new federal cohort built around custody, fiduciary administr…