Bitcoin Forum
September 24, 2018, 10:47:58 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2018-05-21]Two Digital Currency Firms Are Trying Hard to Obtain Banking License  (Read 36 times)
Vladdirescu87
Sr. Member
****
Offline Offline

Activity: 672
Merit: 261



View Profile WWW
May 21, 2018, 10:56:55 AM
 #1

The Wall Street Journal (WSJ) reported on May 18, that two major cryptocurrency market players, Coinbase Inc. and ivyKoin, have tried to talk with the government regulators about getting banking licenses in order to expand the range of products they can offer.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/digital-currency-firms-to-obtain-banking-licenses/



░░░░░░▄▄█▀▀▀▀▀▀▀▀█▄▄

░░░░▄█░░▄▄▄▄▄▄▄▄▄▄░░█▄
░░▄█░░▄█░░░░░░░░░█▄░░█▄
░░▄█░░░░▄███▄░░░░░█▄░░
░░░░░░░░░░░░░░░░░
░░░░░░░░█▄░░░░░░░
░░░░░░░░██░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░▀█░░░░▀███▀░░░░░█▀░░
░░▀█░░▀█░░░░░░░░░█▀░░█▀
░░░░▀█░░▀▀▀▀▀▀▀▀▀▀░░█▀
░░░░░░▀▀█▄▄▄▄▄▄▄▄█▀▀
[Facebook] •--»  DECOIN  «--• [Bounty]
[World's leading Cryptocurrency Exchange and Trading Platform]
ANN Telegram Whitepaper Twitter
1537786078
Hero Member
*
Offline Offline

Posts: 1537786078

View Profile Personal Message (Offline)

Ignore
1537786078
Reply with quote  #2

1537786078
Report to moderator
1537786078
Hero Member
*
Offline Offline

Posts: 1537786078

View Profile Personal Message (Offline)

Ignore
1537786078
Reply with quote  #2

1537786078
Report to moderator
1537786078
Hero Member
*
Offline Offline

Posts: 1537786078

View Profile Personal Message (Offline)

Ignore
1537786078
Reply with quote  #2

1537786078
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537786078
Hero Member
*
Offline Offline

Posts: 1537786078

View Profile Personal Message (Offline)

Ignore
1537786078
Reply with quote  #2

1537786078
Report to moderator
InvoKing
Legendary
*
Offline Offline

Activity: 1162
Merit: 1052


★Bitvest.io★ Play Plinko or Invest!


View Profile
May 21, 2018, 07:28:01 PM
 #2

Quote
A bank charter may not be a top priority for the firms, however, it will facilitate the process of regulatory investigation a lot. Nevertheless, their decision will depend largely on the matter of cost needed for becoming a bank.

Coinbase is acting like a bank anyway but an official recognition will boost the number of its clients for sure.
And it is the first time hearing about ivykoin or i didn't pay attention that much before.
It is a long process which isn't that easy.



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Mahanton
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
May 21, 2018, 08:22:29 PM
 #3

Quote
A bank charter may not be a top priority for the firms, however, it will facilitate the process of regulatory investigation a lot. Nevertheless, their decision will depend largely on the matter of cost needed for becoming a bank.

Coinbase is acting like a bank anyway but an official recognition will boost the number of its clients for sure.
And it is the first time hearing about ivykoin or i didn't pay attention that much before.
It is a long process which isn't that easy.
Even its already acting like a bank but we cant really deny on the wallet is placed between the government and crypto thing which is actually the problem.If its recognized then its normal to see or to think of on what would possibly happen which would really boost up clients but same as you said this wont really be an easy thing and this would be a long process because collaborating banking sector with crypto is almost an impossible thing but who knows? they might able to get through.

jjacob
Legendary
*
Offline Offline

Activity: 1540
Merit: 1022


★Nitrogensports.eu★


View Profile
May 21, 2018, 11:15:11 PM
 #4

I wonder if they really want a banking licence. If they do qualify to be a bank, they will have huge capital requirements for risky businesses like their core bitcoin exchange. How would they convince the regulators that they have enough safeguards to protect the bitcoins in their custody?


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!