Recent content by globalmerchant

OK, for historical record, I am reporting that couple days ago I received money that was held in Silverbird: 1. So, it took slightly more than 1 year from the moment Silverbird announced bankruptcy to recovering the money. So, if this was major EMI for some company, it would mean major trouble...

Interesting. So if it does not impact businesses, the Aliexpress etc. just have to establish an entity & warehouse in Turkey, and perform final sale to customer from that Turkish entity after it imported goods from abroad (and this sale to consumer would be with razor thin margins, so will pay...

I wonder if it impacts businesses as well? Most likely yes, as in most countries the customs taxes are same/similar for consumers and businesses - however the wording of the article mentions consumers. But for businesses it would be really bad to have all imported sub-components/parts/supplies...

I get what you are saying, but: 1. Silverbird was EMI as well (info about this is still available on their website, it says: "Silverbird Global Limited is an electronic money institution which is authorised and regulated by the Financial Conduct Authority ("FCA") under the Electronic Money...

Another update from me, so there is some historical record on how it goes when EMI goes bust. 1. Still no money recovered for me since it was blocked in March (and as I wrote in earlier update, people whose Silverbird accounts were handled by Currencly Clound "under the hood", already recovered...

Some update in case someone is interested in what happens when EMI goes bust: 1. My money that I mentioned in the earlier post is still blocked. 2. Liquidation of Silverbird is performed by some law firm, that is publishing various documents to read for customers who held money in Silverbird...

I recently created an account with them and wanted to start using it seriously (as they brand it for "high value" transactions and this is what I normally do). So far I've put only 10k eur there to test it, and spent around 1k for some random payments. So now I have 9k eur locked with them, and...