Conceptually the idea is good and many have thought it. Good to see a group making it happen.
My main concern are the timelines being unbelievably ambitious to be realistic... acquiring 10 banks in just over a year.
Even if you have the money I doubt it's legally/procedurally possible to move that fast; the paperwork from lawyers alone I imagine would take longer than a year to takeover 10 banks.
That said, good luck! True transparency in baking would be revolutionary.
As for other comments like "finally somebody making crypto legal". Crypto is not illegal. Crypto cannot be illegal. Just like cash or gold asset cannot be illegal. If your country considers crypto a currency or an asset-of-value and you do not declare it for taxable purposes chances are you are committing a crime but the crypto itself is not illegal. Cash is not illegal, you can use it for illegal purposes but the cash itself is not illegal. I make this point because many outside of the crypto community think crypto is illegal which is uninformed (at best), so we should try to at least have the proper perception and terminology within the crypto community itself.
10 banks in a year is very ambitious indeed. The is the way we plan it. In reality it might take longer, we plan to deliver fully operational crypto bank ecosystem in a year from now. Starting from Estonia. My main concern are the timelines being unbelievably ambitious to be realistic... acquiring 10 banks in just over a year.
Even if you have the money I doubt it's legally/procedurally possible to move that fast; the paperwork from lawyers alone I imagine would take longer than a year to takeover 10 banks.
That said, good luck! True transparency in baking would be revolutionary.
As for other comments like "finally somebody making crypto legal". Crypto is not illegal. Crypto cannot be illegal. Just like cash or gold asset cannot be illegal. If your country considers crypto a currency or an asset-of-value and you do not declare it for taxable purposes chances are you are committing a crime but the crypto itself is not illegal. Cash is not illegal, you can use it for illegal purposes but the cash itself is not illegal. I make this point because many outside of the crypto community think crypto is illegal which is uninformed (at best), so we should try to at least have the proper perception and terminology within the crypto community itself.
