Paxos received a conditional federal banking license from OCC
Cryptocurrency firm Paxos has received a conditional license from the Office of the Comptroller of the United States of America (OCC) to create a separate, federally regulated trust. Paxos chief attorney Daniel Burstein said the approval of the OSS will allow Paxos to create a new trust company that will be controlled at the federal level. It will operate separately from the current Paxos Trust, operating in New York under the BitLicense previously issued by…
