How do crypto national bank charters differ from traditional banking licenses?

[cryptohog]

A: Charters like those Ripple and Circle are pursuing allow regulated crypto companies to operate as full-service banks, including holding deposits, processing payments, and accessing central bank facilities. Unlike standard fintech licenses, these charters provide greater regulatory clarity but require strict compliance with capital, risk, and reporting standards.strikethrough text

[alex10]

Crypto charters emphasize digital custody, blockchain compliance, and decentralized finance integration.

[Nahid Hossen]

Unlike traditional licenses, they’re built to merge crypto assets with regulated banking frameworks.