be a crypto bank in the US! Or is Metal not mentioned in this article solely because it is the most "dangerous competitor for all those who want to be the first?
We will re-apply.
It was already quite a long time ago when the first apply was pulled back. Can you give some insight on why it was pulled back and how you guys try to do it better this time?
From Marshall: "The banking charter was temporarily withdrawn while we work to address some issues raised. We will resubmit shortly. First Blockchain Bank and Figure being the only full bank charters are doing the heaviest lifting and I have no doubt First Blockchain will succeed. We’ve been re-invited to apply but only after a short period of time that allows us the ability to address the concerns of the prudential regulators as well as state level trade associations. This is common for fintech banks to temporarily withdraw as you may have seen with Varo bank temporarily withdrawing their FDIC application before become fully licensed. There are many institutions that do not like the idea of our extremely innovative plans for banking, this is the Netflix moment for banking - and I have no doubt First Blockchain will be the first full federal bank charter integrating blockchain!"
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