Erebor Bank Receives Conditional Approval for Crypto Operations

Erebor Bank has secured preliminary, conditional approval from US regulators to launch a new cryptocurrency-focused bank in Columbus, Ohio. Co-founded by Palmer Luckey and Joe Lonsdale, this development comes amidst a significant gap left following the collapse of Silicon Valley Bank (SVB), offering potential solutions for institutional and high-net-worth clients seeking to navigate the crypto landscape. 💰