Which jurisdiction should I open or purchase a bank in?
- Thread starter Helkins
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It increasingly appears that anything originating from Comoros,particularly Anjouan,warrants serious scrutiny. The country is currently facing significant institutional and economic instability, making it difficult to verify what is truly happening on the ground.
I first came across the Comoros Islands while researching the purported advantages of the Anjouan online gambling license. What immediately raised red flags was the fact that the same authority responsible for issuing gambling licenses also claims to authorize offshore banks and brokerage firms. This lack of regulatory separation is highly unusual,and concerning.
Moreover, the most recent FATF report (2024) makes no mention whatsoever of any regulated offshore banking or gambling sector︀ in Comoros. This omission is striking, and further undermines the credibility of the licensing regime.︁
Taken together, these factors point to what seems like a highly orchestrated,yet ultimately deceptive,scheme targeting︂ uninformed investors and online operators seeking quick entry into loosely regulated markets.
I first came across the Comoros Islands while researching the purported advantages of the Anjouan online gambling license. What immediately raised red flags was the fact that the same authority responsible for issuing gambling licenses also claims to authorize offshore banks and brokerage firms. This lack of regulatory separation is highly unusual,and concerning.
Moreover, the most recent FATF report (2024) makes no mention whatsoever of any regulated offshore banking or gambling sector︀ in Comoros. This omission is striking, and further undermines the credibility of the licensing regime.︁
Taken together, these factors point to what seems like a highly orchestrated,yet ultimately deceptive,scheme targeting︂ uninformed investors and online operators seeking quick entry into loosely regulated markets.
I got that information from the Governor of the Central Bank of Comoros when I sat down with him over dinner in Paris!
Once I finish the entire multi jurisdiction set up and the technological framework I'll make a seperate post on the forum. It's a process, I'm aiming to roll out limited offering Q4'25 and rest in '26.
"If people are not laughing at your goals, your goals are too small."
"If people are not laughing at your goals, your goals are too small."
your setup makes zero sense and btw in Tanzania they will NEVER give you a banking licence. They are done with foreign people after the FBME desaster.
At the moment we use adjusted OLYMPIC for traditional banking and developing a proprietary on-chain software for digital asset and tokenized products.
I’m not going to get into a public back and forth explaining why the setup does in fact make sense for my specific offering, that’s a conversation for the right setting, not︀ a forum thread.
As for Tanzania, the banking landscape is not as closed as you︁ suggest. While FBME’s situation understandably made regulators more cautious, they are willing to license and︂ approve foreign-backed financial entities that meet their current compliance, capital, and local participation requirements. We’re︃ not operating from behind a keyboard, we have an on ground presence, meet in person︄ with regulators at the Bank of Tanzania, and are in active discussions with several other︅ African central banks as well.
Let’s revisit this in a couple of months when our︆ product is live and available; then you can judge it based on results, not speculation.︇
I’m not going to get into a public back and forth explaining why the setup does in fact make sense for my specific offering, that’s a conversation for the right setting, not︀ a forum thread.
As for Tanzania, the banking landscape is not as closed as you︁ suggest. While FBME’s situation understandably made regulators more cautious, they are willing to license and︂ approve foreign-backed financial entities that meet their current compliance, capital, and local participation requirements. We’re︃ not operating from behind a keyboard, we have an on ground presence, meet in person︄ with regulators at the Bank of Tanzania, and are in active discussions with several other︅ African central banks as well.
Let’s revisit this in a couple of months when our︆ product is live and available; then you can judge it based on results, not speculation.︇
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