Revolut and Andreessen Horowitz-backed crypto banking startup OpenReserve have each received preliminary US regulatory approval to establish national banks, with both companies intending to o
Revolut and Andreessen Horowitz-backed crypto banking startup OpenReserve have each received preliminary US regulatory approval to establish national banks, with both companies intending to offer cryptocurrency and stablecoin-related services.
The Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for Revolut to proceed with a proposed bank in Connecticut and for OpenReserve to establish one in Utah, according to separate decisions published on Wednesday 2 September.
