Sony Enters the Crypto Banking Race as Erebor Wins U.S. Approval

TLDR: Erebor received conditional OCC approval, becoming the first crypto-linked bank cleared for a national charter in the U.S. Sony filed through Connectia Trust to form a federally regulated crypto bank, entering direct competition with Erebor. Erebor’s model includes full depository services and FDIC protection, unlike Anchorage Digital’s limited charter. Circle, Ripple, Coinbase, and Stripe [...]

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