Ripple Charter Bank License Receives 7-Page Opposition From Team Of Credit Experts
Description
Ripple’s pursuit of a US charter bank license has hit a significant hurdle after the Independent Community of Bankers of America (ICBA) filed a detailed opposition with the US Office of the Comptroller of the Currency (OCC). The seven-page letter warns that Ripple’s planned stablecoin operations through Ripple National Trust Bank (RNTB) could sidestep traditional banking regulations, raising compliance and consumer protection concerns. Ripple Faces Opposition To Bank Charter Bid According to rep...
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