U.S. Regulator Approves Blockchain Bank OpenReserve to Operate
Preliminary approval advances regulated on-chain banking model for OpenReserve, with agency and timeline details still unknown.
A U.S. banking regulatory agency granted preliminary approval for OpenReserve to commence operations as a blockchain-based bank.
The approval targets a blockchain-focused bank seeking to enhance services via the technology. Specific agency, exact conditions, and timeline remain unspecified in the available facts.