According to the UTRUST whitepaper 12% of the funds will be allocated to legal and regulation. Does that include global banking licenses?
When we take a look at PayPal, their status differs per region. In Europe PayPal is legally regulated as a bank, in the US it is a money transmitter. This subject is not trivial.
https://en.wikipedia.org/wiki/PayPal#RegulationGood question. Operating globally means dealing with a lot of different laws which can cost a lot of money. Will there be focus on specific regions on the start?