Quote from: ibininja on April 10, 2018, 06:27:16 AM

Quote from: Zombie259 on April 09, 2018, 04:13:09 PM

Quote from: FortySeven on April 09, 2018, 02:37:51 PM

Quote from: privatum on April 09, 2018, 09:00:10 AM

Just a quick question (didn't read the whole whitepaper & thread, so sorry if already answered):
1) where do you plan to acquire banking license (UK)?
2) how do you plan to solve AML difficulties that come with the crypto world anonymity - traditional banks must have very complicated systems to control money flow, how do you plan to do this with crypto?

Because in order to become official bank we will have to get the license from Financial Conduct Authority (FCA) in the United Kingdom.

We are planning to develop Forty Seven Bank App Platform that will become heaven for fintech developers, as they will be able to create fintech applications and use umbrella services of the bank (KYC, AML, our customer base, etc.).

Yes, you're right. There are challenges, but we have already faced similar challenges in the past and were successful in dealing with them, so, we consider them as challenges, but not as difficulties.

Wow great update. It will be tough to get a FCA license, but with an experienced Team like 47B it will go. The heavenly bank app will be very attractive for developers, you should promote the app more.

That clarified most of it. at first I thought in order to use fortyseven the users would be KYCd since you will be using it like a bank. so now if I understood correctly 47 will provide the KYC service for the fintechs to use. makes sense.

Thanks for update and clarification. I really hope FSBT team finishes all required formalities and launch FSBT bank app platform. Once it's ready FSBT tokens will move up very fast.