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via crypto.news · By crypto.news Editorial

OpenReserve wins initial OCC approval for U.S. bank

CE
crypto.news Editorial
(07:40 AM UTC)
1 min read
OB
Updated byOlivia Bennett

The Office of the Comptroller of the Currency granted OpenReserve preliminary conditional approval on Sept. 2 to organize a full-service insured national bank in Salt Lake City, Utah.

Summary

  • OCC granted OpenReserve preliminary conditional approval to organize a full-service insured national bank in Utah.
  • OpenReserve must raise at least $210 million…

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