Nubank wins conditional U.S. banking approval as regulators reopen door to crypto
Latin America's largest digital bank, Nubank, received conditional U.S. approval to offer crypto custody and other banking services.Summary
Nubank, Latin America's largest digital bank with 127 million customers, has secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a branch in the United States. Once fully approved, Nubank intends to offer deposit accounts, credit cards, lending, and digital asset custody services under a federal banking framework. To finalize the process, Nubank must meet OCC conditions, gain final approvals from the FDIC and Federal Reserve, fully capitalize the institution within 12 months, and open the bank within 18 months. This development occurs as U.S. regulators signal a shift toward broader supervision of crypto banking, suggesting federally regulated institutions may soon offer digital asset services more readily.
(Source：CoinDesk)