3 sourcesTracking since 24 Jul, 16:52
Wise plans new application for national trust bank charter under GENIUS Act
Chronological coverage
First seen24 Jul, 16:52Wise plans new application for national trust bank charter under GENIUS Act
Wise plans to reapply for a national trust bank charter under the GENIUS Act after the OCC denied its original application over AML compliance
CryptoBriefing•Editorial Team
Follow-up24 Jul, 17:37Wise plans to resubmit national trust bank application under GENIUS Act framework
The OCC has granted conditional approval to several stablecoin-focused entities since December.
The Block•Daniel Kuhn
Latest25 Jul, 16:05Wise expected to resubmit US charter application under GENIUS
The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year.
Cointelegraph•Cointelegraph by Turner Wright