ABOUT LICENSING
(from our partnerthread)
We are approaching this from two different angles,
The Bitcoin Bank will obtain the license in two steps in two different countries, first in Dominican (i think) Republic and second in Luxembourg
and at the same time, there is the Europecoin paymentgateway for Financecloud API, where we do the same in Georgia. Because we at Europecoin are
a little bit further through our Gold and Silver partnerships, we will be able to saveguard the success of' Bitcoinbank with our license.
have fun
Matthias
Right. We are planing to apply for payment institution license in Luxembourg shortly. And after that we are going to obtain the banking licence in Dominica, because requirement for reserve capital is just $7 million for a small international bank over there.
have fun
Matthias
.