Major cryptocurrency payment operator BitPay has filed an application to the Office of the Comptroller of the United States of America (OCC) to register a national bank in Georgia, USA.
It is assumed that the new banking institution will be called BitPay National Trust Bank, and the headquarters will be located at the same address as the headquarters of the payment service in the suburbs of Atlanta.
The management of the bank includes top managers of BitPay – co-founder and CEO of the operator Stephen Pair, co-founder Tony Gallippi, general counsel, and director of compliance with regulatory requirements Eden Doniger, CFO Jagruti Solanki, and Marketing Director William Zielke.
“We confirm that BitPay has applied with the regulator to lay the foundation of BitPay National Trust Bank. It is a national bank that carries out trust activities. The Comptroller is at the forefront of regulating the cryptocurrency industry. Therefore, our operations as a national bank will have serious safety and security requirements so that our clients can be sure that they are receiving the best services,” said Eden Doniger.
As a reminder, at the end of November, the institution proposed regulatory changes that will make it easier for cryptocurrency companies to access banking services.
