Nubank Secures Conditional US Bank Approval to Offer Crypto Custody and Traditional Banking Services

TLDR: Nubank received OCC conditional approval to establish a US national bank offering crypto custody services.  The bank must secure FDIC and Federal Reserve approvals within 12 months for capitalization requirements.  Co-founder Cristina Junqueira will lead US operations with former Brazil Central Bank President on board.  Strategic US hubs planned for Miami, San Francisco Bay [...]

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