Agora has received preliminary conditional approval from the Office of the Comptroller of the Currency, or OCC, to establish a national trust bank, according to an official announcement cited by BlockBeats on Sept. 22. The approval is not final. The company still needs final clearance before the trust bank can begin operating. If that final approval is granted, the bank will operate under OCC supervision. The update points to a regulatory step forward for Agora, with the federal banking regulator setting the framework for how the proposed trust bank would be overseen once fully authorized.
Agora has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, according to an official announcement cited by BlockBeats on Sept. 22.
If it receives final approval, the trust bank will operate under OCC supervision.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
