Revolut and OpenReserve Win Preliminary US Bank Charter Approval with Crypto Plans
Source Summary
Revolut and OpenReserve have received preliminary approval from the US Office of the Comptroller of the Currency (OCC) to establish national banks. Both companies plan to offer cryptocurrency and stablecoin-related services through their new banking operations.
Why it matters
The preliminary approvals represent a significant regulatory milestone for cryptocurrency integration into the traditional US banking system.
