🏦 Revolut has received conditional approval from the OCC to establish a national bank in the U.S.
The OCC has granted preliminary approval, allowing Revolut to build its own banking infrastructure under federal supervision. This license is not final yet, as FDIC and Federal Reserve approval are still required.
Why is this notable?
The OCC is increasingly opening the door for digital asset companies such as Coinbase $COIN , Ripple $XRP , Circle, and now Revolut — the company that recently launched the EURR stablecoin.
In simple terms:
Revolut is getting closer to becoming a U.S. bank, but it still has to clear a few more hurdles.
#CryptoRegulation #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Please do your own research before making any decisions (DYOR).
The OCC has granted preliminary approval, allowing Revolut to build its own banking infrastructure under federal supervision. This license is not final yet, as FDIC and Federal Reserve approval are still required.
Why is this notable?
The OCC is increasingly opening the door for digital asset companies such as Coinbase $COIN , Ripple $XRP , Circle, and now Revolut — the company that recently launched the EURR stablecoin.
In simple terms:
Revolut is getting closer to becoming a U.S. bank, but it still has to clear a few more hurdles.
#CryptoRegulation #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Please do your own research before making any decisions (DYOR).