SoFi Receives Conditional US Regulatory Approval to Establish National Bank

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In an announcement Wednesday, the OCC said the preliminary approval is conditional pending a thorough evaluation of all information available.

A unit of SoFi, last year was granted a money transmission license as well as a BitLicense by the New York Department of Financial Services, allowing the unit to to provide buy and sell services for bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin and Stellar lumens to New York residents.

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