Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH. Nearly six months later, that application remains pending, while federal regulators have spent ...

Source: [CryptoSlate](https://cryptoslate.com/revolut-hit-by-washingtons-crypto-boom-illusion-exposing-a-massive-two-tier-banking-system/)

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