Telcoin surges 75% after firm receives crypto bank charter in Nebraska – DL News
- Telcoin receives banking charter in Nebraska.
- The TEL token jumped some 75% on the news.
- The charter lets the firm offer customers many of the same services a bank would offer its clients.
Investors are piling into Telcoin after the fintech firm joined the handful of crypto players to secure banking charters in the US.
On Thursday, the bank and stablecoin issuer received the charter from the Nebraska Department of Banking and Finance following a conditional approval in February.
The charter allows the firm to operate a stablecoin and digital asset business within the regulated financial industries of its home state.
This means it can accept customer deposits, make loans, and offer many of the same services a bank would offer its clients….
