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TheHoff

Malta - Blockchain, cryptocurrency firms struggling to open bank accounts

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https://www.timesofmalta.com/articles/view/20190301/local/cryptocurrency-firms-struggling-to-open-bank-accounts.703265

Would be nice to know if the CSC Foundation can contribute on this topic. What´s their experience? Are they even in need for bank services in Malta?

 

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Posted (edited)

This has no information about CasinoCoin. 

This is area for press about CSC. 

Needs to be moved to general @Marco @Wenusch 👍

 

 

Edited by 777

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6 minutes ago, 777 said:

This has no information about CasinoCoin. 

This is area for press about CSC. 

Needs to be moved to general @Marco @Wenusch 👍

 

 

Sorry, was struggeling between those two areas. Thank you!

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2 hours ago, TheHoff said:

https://www.timesofmalta.com/articles/view/20190301/local/cryptocurrency-firms-struggling-to-open-bank-accounts.703265

Would be nice to know if the CSC Foundation can contribute on this topic. What´s their experience? Are they even in need for bank services in Malta?

 

Its regarding the financial services authority, would say it applies more to  exchanges, we're working with a fully regulated entity, so should just means less competition from chancers for us

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2 hours ago, TheHoff said:

https://www.timesofmalta.com/articles/view/20190301/local/cryptocurrency-firms-struggling-to-open-bank-accounts.703265

Would be nice to know if the CSC Foundation can contribute on this topic. What´s their experience? Are they even in need for bank services in Malta?

 

Cant see that there is any requirement to bank, the foundation runs a limited company to handle finances due to maltas rules as i understand it, purchasing of csc through brm will be handled by a regulated exchange that duncan told us yesterday was on the way, and the regulated casino handles money at the other end. 

The team have made it clear that they wont be providing ico style updates or chiming in on every news story that comes out of malta, its up to you to make investment decisions based on what you read 😉

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"The Malta Financial Services Authority (MFSA) is the single regulator of financial services in Malta. The MFSA regulates banking, financial institutions, insurance companies and insurance intermediaries, investment services companies and collective investment schemes, securities markets, recognized investment exchanges, trust management companies, company services providers and pension schemes. Since 2018, it is also responsible for regulating Virtual Financial Assets."

https://www.mfsa.com.mt/

Thats what i don´t know, if CSC F.  needs a license from MSFA or if that is only needed when you do banking in Malta.

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