Coinbase met SEC to apply for banking license

[xtinepink]

Coinbase just met the US regulations to be able to apply for a banking license. This will mean that Coinbase can broaden the line to offer more services to its clients or users. 

Source: 

https://www.ccn.com/coinbase-may-apply-for-a-banking-license-report/

[CaptainLorca]

Yeah for example giving credits and making it easier to exchange crypto for fiat. But with this also comes a stricter control to it. At least for U.S. citizen 

[wry]

I read a different version of this article.  Basically, on the surface being a bank looks good if you are in the USA because one national charter trumps all the different state regulations.  However, the one regulation is very burdensome and requires lots of compliance costs.  I would be surprised if they actually went for it.  There are some intermediate options however, hopefully it will work out and help those who can use Coinbase.

[Han2x]

This can be a good start. Bank will be open in crypto to fiat exchange. It will be a good news to all traders.