kaal:claim:3936876-035

Becoming an OCC regulated trust is one route by which crypto exchanges can operate nationwide without securing state level licenses in each of the 49 states that require one.

Source quote, verbatim

Becoming an OCC-regulated trust is one way crypto exchanges can operate nationwide without needing to secure state-level licenses in each of the 49 different U.S. states (Montana doesn't have a licensing requirement).

From

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), III.3 Federal/National Trust Charters, p. 30
https://ssrn.com/abstract=3936876 · source PDF

Cite as

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

Holds when

United States, national trust charter route

Classification

mechanismsupport: assertedreputationgovernance-designdefi

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