Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][BONUSES] CRYPTOV8 - A Fully Regulated Crypto Banking Solution
by
Cryptov8!
on 24/07/2018, 16:25:54 UTC
Can you tell us what legal steps you have taken, be it implementation, policy, so that you are able to release your platform?
Hi CryptoKingh,
We have had meetings and discussion with representatives of the Financial Conduct Authority (FCA) which were met with favourable reviews. We have a 400 page regulatory business plan which focuses on the traditional banking side of the project and we previously held a consumer credit licence. We could have applied for a licence variation in order to apply for a full banking licence, but there is little benefit so we are going straight for a banking application.

I previously have worked for central banks, clearing houses, monetary authorities and have launched 15 new banks. The rest of the team have similar pedigree.
For those that are genuinely interested we can always make time for face-to-face meetings in London or video calls to answer any questions.

From a legal perspective we have an advisor from Locke Lord, one of the most respective global law firms in the industry