Their latest update:
WEEKLY COMMUNITY UPDATE | Week 30
#1. Update re: Financial License - By early next week we should have a board resolution so that we can move forward with the license as planned (formality). As explained previously, the issue was that the Dutch government isn't providing any criminal record extracts which is required by the Estonian authorities for each board member.
I'll step down temporarily from the function (while remaining with Mothership as employee) until the Dutch authorities come to their senses. Case currently lies with the EU comission as an official complaint and they've already agreed to seek for a resolution with the Dutch government, acknowleding the issue.
#2. Token utility; I'm aware I've mentioned working on the token page and clearing up the confusion here; you can be sure we will adhere to the token utilities as outlined in the whitepaper unless otherwise agreed upon and communicated - which we haven't as of yet. We're looking into ways on how the token utility could be improved, but there's a lot of legal requirements involved here that makes it impossible for me to communicate it prior to sorting out the legal situation of what we're trying to accomplish with the MSP token.
#3. We will kickstart the podcast in 1 month from now (apprx. 1 September). It doesn't have a priority compared to the more important elements as developing the product, legal & banking. But are working on it and have outlined in the post here what the podcast will be all about:
https://blog.mothership.cx/everything-you-need-to-know-about-the-upcoming-podcast-series-by-mothership-1d416e05c256#4. Trading tournament and product progress; Unfortunately I can't communicate these timelines without having full approval from the product team and confidence that the timelines we mention can be kept. The moment I do, I'll obviously not withold this information from you and I'd be more than happy to share.
#5. Market making / liquidity & adding coins; We will share this information later and closer towards the product launch.
#6. We're happy to welcome Alexei to the product team as software engineer! Alexei is from Estonia and will be joining us in the office from next week onwards. We've extended offers to two more developers and have contracted a kick-ass development team to help out the team.
#7. This past week, we've had 2 in-person meetings with banks. One of the banks has opened the accounts, the other one has mentioned they don't foresee any risks in opening said account within the next few weeks (we had to visit for in-person identification). There are however a few outstanding questions with them as to our KYC requirements which we are confident to get cleared. The payment gateway we've previously mentioned is still reviewing our case unfortunately, I've followed up with them this week and they mentioned to have escalated the case.
Either way, good progress on this front. We need multiple accounts in various EU jurisdictions to operate the fiat onramps, as otherwise our risk would be too high. If one country changes their legal situation around cryptocurrencies, making local banks even more wary of the situation, we run the risk of getting our operations shut down. Therefore it takes a lot of time and effort opening accounts in multiple EU jurisdictions to ensure we can provide these services in the near future.