U.S. Banking Regulator Grants Provisional Charter to Blockchain Bank OpenReserve
Source Summary
The Office of the Comptroller of the Currency granted a provisional charter to OpenReserve, a new full-service bank focused on blockchain technology. This approval adds OpenReserve to the growing number of crypto-native banking institutions operating in the United States.
Why it matters
The OCC's provisional charter represents regulatory approval for a blockchain-focused bank to operate as a full-service financial institution in the U.S.
