Post
Topic
Board Bitcoin Discussion
Re: Could the bitcoin community start its own bank?
by
Balls
on 07/01/2015, 16:24:37 UTC
Just wondering what would be involved in founding a new bank that's friendly towards the interests of bitcoiners. Of course you'd still be dealing with the problems of having to trust a bank, but at least it would be better than trusting the big banks that are always closing bitcoin-related accounts.

How much capital would it take to start a small bank or credit union along these lines? Which country would it make sense to try it in, if any?

There's a hell of a lot of rules and regulations you've got to follow to become one. Unless you're very very rich and well connected it's almost impossible.