Bank for Cryptocurrency exchange

[off42]

hi all!
I'm want to create a Cryptocurrency exchange and looking for a bank which is able to open an account for this purpose. Outgoing and incoming payments (in fiat) will be linked with payment systems, such as Ecompay and other EMIs. The exchange of the Crypto-currency itself will be held on this EMI accounts.
The company is registered in Europe, and I have already tried all the banks available to me: Latvia, Cyprus, Czech Republic, Eastern Europe. Everywhere I got a refusal that banks do not support this activity. I know that such projects are already successfully functioning and serviced in banks. But in what banks ?! How do you think, where it is possible to open an account for such activities?

 

[diablo]

Have you tried to contact banks in Switzerland ? They are cryptocurrency friendly if you‌ have Money!

I'm in the process to setup a business and relocate to Switzerland!

 

[off42]

yeah, I've tried a couple, and from a couple more await the answer...but everyone says‌ that the activity is too risky

 

[diablo]

How do you contact the banks? by e-mail?

 

[off42]

yep, I try to find officers of Compliance departments on Linkedin and start communicating with‌ them

 

[Alex4Days]

Have you tried Euro Pacific Bank? Had a small bitcoin gambling site before and used‌ them.

Kind of high fees but might work.

 

[off42]

hi!
not yet, but is seems too offshore...St.Vincent and Grenadines...
anyway thank you!

 

[eio15]

@off42 you should check which banks use companies related with bitcoins and try to open‌ an account in the same institution.

 

[JohnLocke]

That's the way to‍ go! Otherwise as @diablo already suggested you may contact some of the banks in Switzerland!⁠

 

[off42]

it's not so easy,‍ nobody publicly says that he works with crypto.

I'll try certainly of course, but so far there is no result.

 

[eio15]

you should go to bitcoins related companies to check which bank works with them. No‌ to banks.
Example: Go to bitfinex.com and check which bank works with them. Go to‍ the same bank and open account for your business.

 

[countryfree]

bitcoin.de works with Fidor. I think this is the most bitcoin-friendly bank in Europe.

 

[Newworld]

Cim banque in Switzerland My customers are very satisfied with it.

 

[Milky Moon]

fidor.de and bunq.com are bitcoin friendly.

revolut.com also will be releasing an integrated bitcoinwallet to‌ their offering, next week orso.

mistertango.com is bitcoin friendly, they also own a bitcoin exchange.‍

If you want to get acceptetd at these banks/emi's you will need to ensure your⁠ compliance is top-notch,
so for fidor.de, get a german gmbh and convert your business to⁤ adhere to german AML/KYC laws, for
bunq.com use a dutch bv and dutch AML/KYC laws.⁣ Remember they run a reputation and financial risk,
so ensure your story mitigates all their⁢ fears.

 

[off42]

thank you all guys!

 

[off42]

by the way, the CIM bank told me that they do not work with‍ crypto-currencies at all!

 

[Newworld]

Yes that is true ! Do you have a license for the company? A good‌ business plan? thanks

 

[off42]

in the Ireland *where the company established*‍ there is no need to obtain a license for such activities.
Business plan - of⁠ course we have.

 

[Newworld]

Very good experiences with this country! Check with my Dutch and Canadian bank what the‌ possibilities are regards

 

[off42]

Dutch is bunq.com
and what is Canadian‍ bank?