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Crypto Bank Erebor Approved for Conditional Federal Bank Charter by OCC

Crypto Bank Erebor Approved for Conditional Federal Bank Charter by OCC

Author:

Global Cryptocurrency

Published:

2025-10-15 16:45:02

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BTCCSquare news:

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional national bank status to Erebor Bank, a tech-oriented institution aiming to fill the void left by the collapse of several crypto-friendly lenders in 2023, including Silicon Valley Bank. OCC chief Jonathan Gould emphasized the significance of the approval, signaling regulatory confidence in the evolving digital asset landscape.

The move underscores growing institutional acceptance of cryptocurrency infrastructure, though no specific coins or exchanges were directly referenced in the announcement. Market observers anticipate such regulatory milestones could indirectly benefit major assets like BTC and ETH by legitimizing banking channels for crypto enterprises.

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