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Latin American fintech Nubank wins conditional approval to set up U.S. national bank

Latin American fintech firm Nubank has won conditional approval to establish a U.S. national bank, Cointelegraph reported on Jan. 30. The approval would allow it to offer services including deposits, lending, credit cards and digital-asset custody in the United States. Nubank must secure further approvals from the FDIC and the Federal Reserve to begin formal operations and plans to start within 18 months.