The largest bitcoin exchange and wallet provider Coinbase cryptocurrency in the beginning of 2018 discussed with us regulators the possibility of the receipt by the company of a banking license. This is with reference to who asked to remain anonymous sources familiar with the situation, reports The Wall Street Journal.
According to the publication, the possibility of the request of the representatives of the Coinbase discussed with the Commission for regulation of activities of commercial banks (OCC).
Official comments from Coinbase yet been received.
Receiving a Federal banking license will free Coinbase from regulation at the state level, and will enhance the capabilities of the company regarding the range of services offered, as well as sparing her from the need of finding a banking partner ready to cooperate in the field of cryptocurrency trading.
Earlier in may, Coinbase has already introduced a number of new products developed exclusively for institutional investors seeking to enter the market of digital currencies. But, as the newspaper notes, the presence of a banking license will help California companies become more attractive to large investors.
We will remind, in April, Coinbase has applied to the Commission on securities and exchange Commission (SEC) for obtaining a license for brokerage activities and operate as a platform for e-Commerce.