Recent content by ilke

Kraken already has dedicated IBANs with GB and LU IBANs for deposit from yourself for several EU countries and I think the UK. So, it may pass off as an intra-company transfer at normal banks too.

Yeah, sending a SWIFT to a Puerto Rican account is not exactly trust-building for a retail EU customer. Zen is cool; Verifo works, Vialet, ISXFinancial, Ecommbanx, and maybe TeslaPay are all pretty friendly to crypto but not DE or GB IBANs, as requested. They do take SEPA, though. Yoursafe, as...

Canadian MSB + European company without a license that is involved for no reason. According to the register, the company is owned by an Italian living in Monaco. DTS Money prides itself in offering dedicated IBANs although Canadian MSBs do not have the ability to connect to payment systems or...

I don't think he means Dubai Islamic Bank as appears when searching for Bank DIB, but instead Digital International Bank, which is an IFE in Puerto Rico.

It depends on your country. If you are onboarded to the NL or LT Airwallex, you also get a PL IBAN for PLN and a DE IBAN for EUR SEPA/SEPA Instant/TARGET2. The DK IBAN is default though, and supports 20 currencies since 3 Friday. You no longer have to issue new accounts for each currency in DK...

Which part of what they promote is not accurate? We will definitely benefit from knowing that info here. What differences do the two platforms have? The normal Paxum does not use its Candian license anymore, it is also running on Paxum Bank Limited in DO.

They are both owned by ANT Group (Alibaba, Alipay, Zyla, Worldfirst, ANT Bank, Anext Bank etc.)

Exactly! They will work, OFC, but since Interpolitan and Moneynetint have a bit of a high-risk appetite, they may be overly expensive for a generic EU company. Wamo didn't come to mind but it seems pretty suitable. You are right, Airwallex NL are crazy compliance-wise and the support does not...

Airwallex will give you DE IBAN for EUR, and GB IBAN for GBP. Currenxie will give you GB IBAN through Citibank for several currencies. Neither accept crypto though. Not an issue for receiving C2B I would say. What did you get banned from Wise and Revo for? A little suspicious maybe.

Foreign news didn't write anything about the license being stripped; I read it on a Lithuanian news site and the Lithuanian Central Bank's newsroom (in Lithuanian, they don't post to the English one too much).

You can clearly see the bank backing this institution is Five Star Bank and funds are held directly there - since the FDIC is through them too. That's how US FinTechs work, they don't segregate funds or have high capital requirements like UK/EU, they just have to find a banking partner.

Majestic Financial UAB, the Slovak-Lithuanian Payment Institution (which was offering services like an EMI), had been stripped of its license in March after not conducting proper AML analysis. Since this was the provider for AdvCash, it is probable that this caused the off-railing of Volet on...

If they are unregulated, they cannot be considered EMIs. They can be FinTech companies that legally operate without a license because they directly issue through another licensed institution, EMD Agents (usually UK), or institution Partners. Licensed EMIs also often choose to go for solutions...

You get classic FDIC-insured accounts via Evolve Bank and Choice Financial. You also have access to relatively cheap and quick wires. They do accept non-US for this; it's one of their main selling points. The personal account is available only for customers who hold business accounts for their...

Maybe Cyprus? I guess there could be some ways to fit digital services into the IP box, may be better to consider talking to somebody like @CyprusLawyer101 Otherwise the Channel Islands are doable, as suggested above. Maybe Gibraltar too - you'd be liable for tax if the director was there, but...