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Circle Secures NY Trust Charter | Bitcoin and Crypto News
Description
Circle just landed a major regulatory win in New York, securing a limited purpose trust charter that lets them legally offer custody and fiduciary services under state banking law — a long-sought milestone. This follows their recent approval from the OCC to launch a national trust bank, designed to enhance security for USDC reserves and serve institutional clients. Together, these moves solidify Circle’s position as a regulated, trustworthy player in the digital asset space.
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