OpenReserve: OCC Approves National Bank Charter
OpenReserve gains OCC preliminary approval for national bank charter fusing traditional banking with onchain settlement, potentially outpacing stablecoins against legacy banks.
SourceAnalysis
OpenReserve received preliminary conditional approval from the OCC to charter a national bank that merges traditional banking with onchain settlement under federal oversight, a move @thedaoofwei argues will dismantle legacy banks quicker than stablecoins amid evolving crypto banking regulation and onchain settlement impact on traditional bank charters.
Wei
@thedaoofwei@coinsph @coinsxyz_ ceo | @0n1force council | @ofrfund advisor | ex @binance cfo | ex @grindr vice chairman
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