Erebor Bank Approves for US Charter, Pushed Presale to New Heights

Erebor Bank has received conditional approval from the Office of the Comptroller of the Currency (OCC) to become a national charter bank offering crypto-based services. This move may make it the second cryptocurrency-focused bank in the U.S., after Anchorage Digital, and could significantly impact the US crypto market. The OCC’s change in stance on the risks associated with cryptocurrency is being seen as a positive step towards greater regulatory clarity for the industry.