Abra Is Forming a US Bank

according to CoinDesk. About a one minute read.

Comment: ok, state level so the headline is a little misleading as they will be able to offer services in one US state only (American citizen here with a buddy who has a state charter, I know these things). But still, this is an welcome step forward for building out a regulatory framework. Oh yes, easier to get nationwide license if you’ve successfully operated in one state.