Crypto Exchanges with Banking/EMI License or Vice Versa

[jafo]

I was searching for crypto exchanges that also possess bank licenses or vice-versa. So far, no luck.

 

[void]

I was searching for crypto exchanges that also possess bank licenses or vice-versa. So far, no luck.

wet dream, makes perfect sense though....

 

[CyprusLawyer101]

wet dream, makes perfect sense though....

What about dukascopy is it not?

 

[Sols]

I was searching for crypto exchanges that also possess bank licenses or vice-versa. So far, no luck.

Do you mean something like Swissquote, BCB, Spectrocoin, SEBA, Sygnum, and Swapin?

They're not all bank licenses, some are EMIs.

Kraken got a banking license but they haven't started yet. https://www.kraken.com/bank

 

[jafo]

BCB

Do you mean this one? BCB Bank

 

[Don]

wet dream, makes perfect sense though....

I was searching for crypto exchanges that also possess bank licenses or vice-versa. So far, no luck.

Actually it should be legally impossible in most cases.
Banks or EMI-s are not allowed to have any other activity licenses as side activities (e.g., crypto exchange).
I guess people would appreciate if they could also grab a beer, buy hangover medicine all in the same place while visiting a bank branch though. Unfortunately such ventures would need to be structured using multiple legal entities.

 

[Sols]

Do you mean this one? BCB Bank

No, this one: Global Digital Financial Services Group

 

[Don]

Revolut also has crypto exchange and banking license:
https://www.revolut.com/crypto/

 

[jafo]

No, this one: Global Digital Financial Services Group

Got it! Thanks, Sols!

PS. A long time ago, I did a Google search on a company name given to me by a trusted supplier, but some conmen created a similar name and found a way to the top searches. Better SEO, I guess. Luckily, I only did a small transfer ($100) to verify if they received it before sending the full amount. When my supplier sent me the link because nobody could find my transfer... I realized what happened. I still have the convo with the bank.... I also printed it out and hung it on a frame to remind myself how close I came to losing 7 digits

Kraken got a banking license but they haven't started yet. https://www.kraken.com/bank

Exactly the reason I asked the question. I couldn't find out how to become a bank client of Kraken and I was afraid to ask through my account. Good to see it's in the works. Thank you!

Also, do you know anything about this? El Salvador’s central bank licenses Binance - Central Banking

Will Binance get an exchange license, a bank license, or both?