TechFlow, April 22 — According to Cointelegraph, U.S.-listed cryptocurrency exchange Coinbase confirmed it is considering applying for a U.S. federal banking charter. A Coinbase spokesperson said the company is actively evaluating this option but has not yet made any formal decision. Besides Coinbase, stablecoin issuers Circle and Paxos, as well as cryptocurrency custodian BitGo, have also been reported to be considering applications for banking charters. With a banking license, cryptocurrency firms could accept deposits and issue loans like traditional banks, but would also face stricter regulatory and reporting requirements.
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