OCC Grants Preliminary Banking Charter Approval to Peter Thiel-Backed Erebor Bank
OCC grants conditional approval for Erebor Bank’s national charter, marking a major step for regulated crypto banking in the U.S.
OCC grants conditional approval for Erebor Bank’s national charter, marking a major step for regulated crypto banking in the U.S.
OCC approval allows community banks to engage with stablecoin firms, boosting Ripple’s RLUSD push into traditional finance.
U.S. regulators now allow banks to hold Bitcoin and crypto for clients, signaling a major shift in how banks engage with digital assets.
The OCC clarifies that national banks can buy, sell, and outsource crypto custody services to third parties with proper risk management and oversight.
The Federal Reserve withdraws guidance requiring banks to notify before crypto and dollar token use, now monitoring digital asset activities through standard supervision processes.
OCC revises guidelines to let banks offer crypto custody stablecoin services and blockchain verification with firm control
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