Circle executives deny rumors of applying for a U.S. banking license
ChainCatcher news, according to Cointelegraph, Circle's Chief Strategy Officer and Global Policy Head Dante Disparte denied rumors that the company is seeking a federal banking license in the United States.Disparte stated on social media platform X that Circle has no intention of obtaining a federal banking license or acquiring an insured depository institution, but plans to comply with future regulatory requirements for U.S. payment stablecoins, which may require registering for a federal or state trust license or other non-bank licenses.Previously, it was reported that several cryptocurrency companies, including Circle, BitGo, Coinbase, and Paxos, were considering applying for banking licenses. In response, only Coinbase confirmed that it is considering applying for the relevant licenses.