Let's say 99.99% they will get a bank licence..
The fact here is still 0.01% they won't get it..
As an investor, I've the right to know what will happen to my money in that case..
Will they provide a refund in such case even with excluding the profit they paid?
Or simply all our money will become a history and gone for ever?
I think it's fair to get an answer before investing in it..
Thanks..
We are partnered with licensed institutions in the EU. Our partner already has a payment institution license and is sure to obtain an E-money license during the ICO. In that 0.01% case, we would still provide and develop financial services with these licenses, just the scale of some services like loans would be smaller than that of a fully licensed bank. However, this is highly unlikely, as we would be developing a bank with an ICO or without it. The ICO determines our scale (capital wise) and greatly increases the speed of obtaining the license, however, getting a bank license would be possible even without an ICO.