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Latin America's largest digital bank Nubank receives conditional approval from OCC to offer digital asset custody services in the United States
Odaily Planet Daily News: Latin America’s largest digital bank Nubank announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to open a branch in the United States. After obtaining final approval, Nubank plans to offer deposit accounts, credit cards, loans, and digital asset custody services under the federal banking framework. Before officially launching services, Nubank must meet the OCC’s conditions and obtain approval from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve. Nubank needs to complete capitalization within 12 months and officially open within 18 months. Currently, Nubank has begun establishing centers in Miami, the San Francisco Bay Area, Northern Virginia, and the Research Triangle in North Carolina.