When is BABB planned to get a banking license? Basically, what is the timeframe for the banking license application and how long does it take to know the outcome of such application?
Remember we are applying for an AWR Licence in the UK and a specialized license in Lithuania, they could come in at approximately the same time with the UK full license coming in slightly later. Thats the aim
Here are the latest banking license updates:
UK Video Update:
https://www.youtube.com/watch?v=KlB7mJ_pis4UK Article Update:
https://goo.gl/TFTCZiLithuania Update:
https://www.youtube.com/watch?v=_v3nZOegg4EBABB can operate legally even without the banking license since they already are authorised as a payment institution in the UK. The licence will allow BABB to hold customer's deposits in a regulated bank account with the guarantee their funds can be withdrawn at any time and for Treasury activity.