Why is Zerohash seeking a federal charter?

[AIcash]

According to Stephen Gardner, Zerohash’s Chief Legal and Compliance Officer, applying for a charter is a logical progression for the company. Approval would let Zerohash expand its services within a federal regulatory framework, signaling credibility and compliance in the increasingly regulated digital asset sector. Other crypto firms, including Crypto.com, Ripple, Circle, Paxos, Fidelity, and BitGo, have also pursued or received similar OCC approvals.

[chainsniff]

federally regulated but still risky = the fintech equivalent of a participation trophy

[UndeadBeastMonkeykiller]

Regulation slowly embracing crypto.

[9777089235]

Another step toward institutional crypto adoption.