Quote from: Bankera on September 07, 2017, 11:30:29 AM

Quote from: Mokka223 on September 07, 2017, 10:27:55 AM

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.

You have no idea what you are talking about. Folks, I work in the consulting industry on regulatory licenses and firstly, API-license is something everyone can get very easily, less than a month's work. E-Money license is bit more complicated but even that is relatively easy 6-9 months. Bankera says in their WP that "we will convert the e-money licence to bank license". Well, it does not work that way sorry. These guys have simply not enough experience to get a bank license, read about Senior Manager's Regime and you all understand why.