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OCC Greenlights Crypto Co. Paxos' Federal Banking Charter

By Jon Hill (April 23, 2021, 8:33 PM EDT) -- Federal regulators said Friday that Paxos, the first cryptocurrency company to receive a New York banking license, has been preliminarily approved for a national license, positioning the company to make history again as the first in the digital asset space to have dual federal and state banks....

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