Hey people,
Quick update to confirm I just opened an account with Neo at their branch in Nicosia and I'm very impressed by the whole experience!
Walking in the NEO branch felt similar to walking into a high-end bank branch - greeted by a very professional / smartly dressed / polite girl. I said I wanted to create a wallet and she offered to walk me through it.
She gave me a document to fill-in with my details and some questions assessing my awareness in financial services (i.e. if I have traded in financial instruments before etc.).
Then a document of about 10 pages with various terms and conditions which needed to be signed on all pages (I think the pages were posted in a previous post here by someone else).
To complete the registration an ID and proof of residence was needed. I was missing the second so I said I'll be back for that.
They seem to be covering all bases in regards to regulations - vastly improved over what is usually required on an online exchange service. It remains to be seen how the Cypriot / world authorities handle this on their side, but as far as NEO is concerned, I can confirm the process is as thorough as any "old-world" bank's.
As a Cypriot / Bitcoin fan witnessing the developments with NEO I'm glad they are on top of the game so far and hope they continue in the same vain
Quick update to confirm I just opened an account with Neo at their branch in Nicosia and I'm very impressed by the whole experience!
Walking in the NEO branch felt similar to walking into a high-end bank branch - greeted by a very professional / smartly dressed / polite girl. I said I wanted to create a wallet and she offered to walk me through it.
She gave me a document to fill-in with my details and some questions assessing my awareness in financial services (i.e. if I have traded in financial instruments before etc.).
Then a document of about 10 pages with various terms and conditions which needed to be signed on all pages (I think the pages were posted in a previous post here by someone else).
To complete the registration an ID and proof of residence was needed. I was missing the second so I said I'll be back for that.
They seem to be covering all bases in regards to regulations - vastly improved over what is usually required on an online exchange service. It remains to be seen how the Cypriot / world authorities handle this on their side, but as far as NEO is concerned, I can confirm the process is as thorough as any "old-world" bank's.
As a Cypriot / Bitcoin fan witnessing the developments with NEO I'm glad they are on top of the game so far and hope they continue in the same vain