Nubank receives conditional OCC approval for U.S. branch, crypto custody services

Nubank, Latin America's largest digital bank that supports cryptocurrency trading, has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a branch in the United States, CoinDesk reported. Upon final approval, Nubank would be able to offer digital asset custody services alongside deposit accounts, credit cards, and lending services under the federal regulatory framework. The bank had previously initiated preparations for its U.S. expansion, pursuing the establishment of hubs in Miami, the San Francisco Bay Area, Northern Virginia, and North Carolina's Research Triangle.