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via CoinDesk · By CoinDesk Staff
U.S. banking agency gives blockchain bank OpenReserve initial OK to operate
CS
CoinDesk Staff(03:26 AM UTC)
1 min read
The U.S. Office of the Comptroller of the Currency gave a new charter to OpenReserve Bank, a blockchain bank backed by a number of crypto world investors, including Andreessen Horowitz, Jump Capital and Coinbase Ventures.
The OCC has preliminarily approved charters for a swelling array of banks — mostly trust companies — but in this…
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